Updating my fafsa
If you choose the Renewal FAFSA option when you start your application at fafsa.gov, some basic information from your 2016–17 FAFSA will be prepopulated in your 2017–18 FAFSA. (Too much could have changed in your life since you filled out the 2016–17 FAFSA.) Can I choose to report 2016 information if my family’s income has dropped significantly since we filed 2015 taxes? You must report 2015 tax and income information, as the FAFSA requires. What if my parents’ (or my) marital status has changed since we filed 2015 taxes?
It’s important to make the corrections before your state’s deadline.If you submitted a 2016-2017 or a 2017-2018 FAFSA before completing your 2015 tax return here's what you must do to update your information.If you indicated on your Free Application for Federal Student Aid (FAFSA) that you "will file" your 2015 IRS income tax return, you must follow these steps after completing your taxes: This will prompt a review, and possible revision, of your financial aid award.Grants and scholarships are free, but you have to earn the work study dollars and pay back the loans. The following two FAFSA changes take effect this year: Here’s a crash course in how to complete the application, with the full details below. You’ll be asked to enter FAFSA school codes for up to 10 schools where you plan to apply.Depending on your situation, you might not have to complete every step. You can search for school codes within the online application.If you want to receive financial aid for yourself or someone else in your household, you must file the FAFSA early in the year.
In fact, it is recommended that you submit the application as close to January 1 as possible.
The 2017-2018 FAFSA asks for older tax information than in previous years.
In most cases it will be easier to complete your FAFSA because most people have already filed their 2015 taxes and can transfer their tax information directly into the FAFSA right away using the IRS Data Retrieval Tool.
By correcting your FAFSA, using this tool, you may not have to request a IRS Tax Transcript from the IRS to verify your FAFSA information.
Submit any necessary corrections to the student aid application FAFSA before the deadline this fall.
By filling out the FAFSA, you can get more than freebie T-shirts and slices of pizza: You can get financial aid for college. To speed up the application process and avoid mistakes, transfer your 2015 federal tax return information directly into your FAFSA using the IRS Data Retrieval Tool.