For the many students using financial aid or scholarships to pay for their educational needs, this time of year is vital. It is time to renew the 2016-17 FAFSA applications. For financial aid, students must have them turned no later than June 30.
The Free Application for Federal Student Aid is required by schools across the nation, including Rose State, in order to create customized financial packages for each student.
The Department of Education has changed the protocol to require a Federal Student Aid ID to complete applications. This allows students and families access to accounts in order to make appropriate changes. Applicants must create an ID and password before continuing to the application process.
Important records such as the student’s and parent’s social security number, a driver’s license or appropriate substitute and the applicant’s federal tax information are needed in order to fill out the application in it’s entirety.
The Student Eligibility section includes student and parent demographics, school selection and other confirmations that deliberates eligibility for financial aid. During this process, consider using the IRS data retrieval tool. If there is missing tax information, the IRS data retrieval tool will help access IRS tax information. Tax information is one of the biggest factors in applying for financial aid. If there are complications filling out the application, there is a help button located at the right side of the FAFSA entry page.
According to Time Magazine, filing financial aid applications as early as possible is beneficial. This will allow time to make edits to the application if there are any complications or missing information.
There has been a major change in dates when its comes to 2017-18 FAFSA application. Students will be able to submit 2017-18 FAFSA as early as Oct. 1, 2016. This application will use students and parents tax information from 2015 instead of 2016.
To apply for student aid, go to fafsa.gov.
For additional help filling out the FAFSA or for any questions or concerns, visit the Financial Office, Student Services Rm. 200 or call 733-7424.