by Suzanne Shafer, Parent Editor
Don’t miss the FAFSA show–a must see for financial aid for college.
If college is in your future, filing the Free Application for Federal Student Aid (FAFSA) is the most important thing you can do to get money to help pay for it. It’s your ticket to more than $150 billion in grants, work-study funds, and federal student loans.
These tips can help.
- New this season. You can use your 2015 tax return and submit your FAFSA beginning October 1, 2016. What else does this mean? You can receive your Student Aid Report (SAR) and Expected Family Contribution (EFC) earlier and you may get your financial aid packages earlier, depending on the school.
- Get a front row seat. Complete the FAFSA as early as possible every year you’re in college so you don’t miss out on first-come, first-served financial aid.
- Don’t come to the show empty-handed. Before you submit your FAFSA, you’ll need to gather the necessary information: your Social Security and driver’s license numbers, your parents’ Social Security numbers and birth dates, 2015 income tax returns, W-2 forms, and bank statements.
–Think your family’s income is too high for aid? Nearly every student is available for some form of financial assistance, regardless of income. So apply!
–And remember, the “F” inFAFSA stands for free. The only site you should use to get a FSA ID and submit the FAFSA is FAFSA.gov.