FAFSA Completion Guide - Ready, Set, Go · 5. Missing the Respective Deadline (Schools and...

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1 FAFSA Completion Guide - Ready, Set, Go ! Provided by: Jim Kuhner College Selection Strategy Source: US Department of Education, Attributions at the end. If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA ® ). The 2017–18 FAFSA is available as of October 1, 2016—three months earlier than usual—at 12 a.m. Central time. You should fill it out as soon as possible on the official government site, fafsa.gov. FAFSA Changes Reviewed ( 1. FAFSA Form is now available three months earlier as referenced above. 2. The “Base Year” definition for reporting tax information changes to prior- prior year. 2015 tax data will be used for academic year 2017-2018. 3. Asset Allowance reduces sharply. Strategy Alert: FAFSA Changes will improve alignment of admissions, tax reporting with IRS Retrieval Tool, and financial Aid. Collectively, these changes will provide families more planning opportunities that result in college cost savings. Completion Guide Includes Links for Questions / Clarification When Needed Here is how the completion guide is organized with “maroon” headlines. Set Up Steps to Start Your FAFSA 12 Common FAFSA Mistakes 8 Steps to Filling Out the FAFSA 4 Things You Should Know After FAFSA Filing

Transcript of FAFSA Completion Guide - Ready, Set, Go · 5. Missing the Respective Deadline (Schools and...

Page 1: FAFSA Completion Guide - Ready, Set, Go · 5. Missing the Respective Deadline (Schools and Residence State) As I said, you should fill out the FAFSA as soon as you can, but you should

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FAFSA Completion Guide -

Ready, Set, Go ! Provided by: Jim Kuhner College Selection Strategy Source: US Department of Education, Attributions at the end.

If you need financial aid to help you pay for college, you must complete

the Free Application for Federal Student Aid (FAFSA®). The 2017–18 FAFSA

is available as of October 1, 2016—three months earlier than usual—at 12

a.m. Central time. You should fill it out as soon as possible on the official

government site, fafsa.gov.

FAFSA Changes Reviewed (

1. FAFSA Form is now available three months earlier as referenced above.

2. The “Base Year” definition for reporting tax information changes to prior-prior year. 2015 tax data will be used for academic year 2017-2018.

3. Asset Allowance reduces sharply.

Strategy Alert: FAFSA Changes will improve alignment of

admissions, tax reporting with IRS Retrieval Tool, and financial Aid.

Collectively, these changes will provide families more planning opportunities

that result in college cost savings.

Completion Guide Includes Links for Questions / Clarification

When Needed

Here is how the completion guide is organized with “maroon” headlines.

Set Up Steps to Start Your FAFSA

12 Common FAFSA Mistakes 8 Steps to Filling Out the FAFSA

4 Things You Should Know After FAFSA Filing

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Let’s speed up the FAFSA process up for you, start with this guide that will

save you time, mistakes, headache, and questions about the process that

might be confusing.

Set Up Steps to Start Your FAFSA

If you’re a dependent student, you will need certain information from your

parents as well; we’ve indicated each of those items in red text.

1. Your FSA ID*

An FSA ID is a username and password that you must use to log in to

certain U.S. Department of Education (ED) websites, including fafsa.gov.

Anyone who plans to fill out the 2017–18 FAFSA should create an FSA ID

as soon as possible.

If you are required to provide parent information on your FAFSA, your

parent should create an FSA ID too.

Because your FSA ID is equivalent to your signature, parents and

students each need to create their own FSA IDs using separate email

addresses. Parents should not create an FSA ID for their child and vice

versa.

In some situations, you may need to wait up to three days to use your

FSA ID after creating it. If you want to avoid FAFSA delays, create your

FSA ID now.

2. Your Social Security Number*

You can find the number on your Social Security card. If you don’t have

access to it, and don’t know where it is, ask your parent or legal guardian

or get a new or replacement Social Security card from the Social Security

Administration. If you are not a U.S. citizen, but meet Federal Student

Aid’s basic eligibility requirements, you’ll need your Alien Registration

number.

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3. Your Driver’s License Number

If you don’t have a driver’s license, then don’t worry about this step.

4. Your 2015 Tax Records*

Beginning with the 2017–18 FAFSA, you will be required to report income

information from an earlier tax year.

On the 2017–18 FAFSA, you (and your parents, as appropriate) will

report your 2015 income information, rather than your 2016 income

information.

Since you’ll already have filed your 2015 taxes by the time the FAFSA

launches, you’ll be able to import your tax information into the FAFSA

right away using the IRS Data Retrieval Tool (how to transfer with tool)

and here are FAFSA instructions. (No more logging back in to update

after filing taxes!).

You do not have the option to report your 2016 tax information. We

understand that for some families, 2015 income doesn’t accurately

reflect your current financial situation. If you have experienced a loss in

income since the 2015 tax year, you should complete the FAFSA with

the info it asks for (2015).

Strategy Alert: “Special circumstances” that are not reflected in

your FAFSA calculation can qualify for the use of “Professional Judgement”

by Financial Aid Administrators. You can do this by filing a financial aid

appeal. When successful, your EFC is reduced which usually qualifies you

for additional financial assistance.

You cannot update your 2017–18 FAFSA with your 2016 tax information

after filing 2016 taxes. 2015 information is what is required. This is the

change from base year to “prior-prior year, no updates necessary; no

updates allowed.

5. Records of Your Untaxed Income*

The FAFSA questions about untaxed income may or may not apply to you,

but they include things like child support received, interest income, and

veterans’ non-education benefits. On the 2017–18 FAFSA, you’ll report 2015

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tax or calendar year information when asked these questions. Parents can

find specific details here. Students can find details here.

6. Records of All Your Assets (money)*

This includes savings and checking account balances, as well as investments

such as stocks and bonds and real estate. You should report the current

amounts as of the date you sign the FAFSA, rather than the 2015 tax year

amounts.

7. List of the School(s) You are Interested in Attending

Two-thirds of pre-college FAFSA applicants list only one school on their

applications. For many, that could be a mistake. Please note: Schools no

longer have access to the order you place the schools on the FAFSA form.

However, when you are interested in state aid you should list a state school

first as a general rule.

Be sure to add any college you’re considering, even if you haven’t

applied or been accepted yet. This is more important than ever now that

the FAFSA is launching earlier! Even if there is only a slight chance you’ll

apply to a college, add it to your FAFSA. You can always remove schools

later if you decide not to apply, but if you wait to add a school, you

could miss out on first come, first served financial aid.

The schools you list on your FAFSA will automatically receive your FAFSA

results electronically. They will use your FAFSA information to determine

the types and amounts of financial aid you may receive.

If you add a school to your FAFSA and later decide not to apply for

admission to that school, that’s OK. The school likely won’t offer you aid

until you’ve been accepted anyway.

You can list up to 10 schools on your FAFSA at a time. If you’re applying

to more than 10 schools, here’s what you should do.

Strategy Alert: To be considered for state aid, several states

require you to list schools in a particular order (for instance, you might need

to list a state school first). Find out whether your state has a requirement for

the order in which you list schools on your FAFSA.

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12 Common FAFSA Mistakes

The 2017–18 FAFSA® will be available October 1, 2016—three months

earlier than usual !

Beginning with FAFSA release 10.1.2016, you’ll also

be required to use earlier (2015) tax information

(“prior-prior year) than in previous years. How

does that benefit you? Since you’ve already filed

your 2015 taxes, you’ll be able to transfer your

tax information into your FAFSA right away! (And

you won’t need to update your FAFSA after you file 2016

taxes.)

These exciting changes are sure to save you time and make the FAFSA much

easier to complete. Just make sure to take your time so you don’t make one

of these mistakes:

1. FAFSA Completion / Submission Failure

There are all kinds of excuses: “The FAFSA is too hard,” “It takes too long to

complete, “I make too much money” I will never qualify anyway, so why

does it matter?” It does matter. The FAFSA is not just the application for

federal grants such as the Pell Grant. It’s also the application for work-study

funds, low-interest federal student loans, and even scholarships and grants

offered by your state, school, or private organization. If you don’t

complete the FAFSA, you could lose out on thousands of dollars to

help you pay for college. The FAFSA takes little time to complete, and

there is help provided throughout the application. Oh, and contrary to

popular belief, there is no income cut-off when it comes to federal student

aid.

2. Using the Wrong Website

The official FAFSA website is fafsa.gov. That’s “.gov” ! You never have to

pay to complete the FAFSA. If you’re asked for credit card information,

you’re not on the official government site.

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3. Failing to Set-Up Your FSA ID Ahead of FAFSA Completion

An FSA ID is a username and password that you must use to log in to

certain U.S. Department of Education (ED) websites, including fafsa.gov. You

AND your parent, if you’re considered a dependent student, will each need

your own, separate FSA IDs if you each want to sign your FAFSA online.

Why is it so important to get an FSA ID early? Well, once you register for an

FSA ID, you may need to wait up to three days before you can use it to sign

your FAFSA. If you don’t want your FAFSA to be delayed, create an FSA ID

now. If you’re a dependent student, have your parent create an FSA ID too.

Just DO NOT share your FSA IDs with each other!

4. Waiting to Fill Out the FAFSA

If you want to get the most financial aid possible, fill out the FAFSA ASAP

after October 1. Some financial aid is awarded on a first-come, first-served

basis and some states and colleges run out of money early, so even if

your deadlines aren’t for a while, get your FAFSA done ASAP. Now that

you’re required to use earlier (2015) tax information to complete the FAFSA,

you have no excuse to wait!

5. Missing the Respective Deadline (Schools and Residence State)

As I said, you should fill out the FAFSA as soon as you can, but you should

DEFINITELY fill it out before your earliest FAFSA deadline. Each state and

school sets its own deadline. Some priority deadlines will be earlier this

year because the FAFSA is available earlier.

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6. Starting FAFSA with Parent FAFSA ID

When you go to log in to fafsa.gov, you will be given the option to “Enter

your (the student’s) FSA ID” OR “Enter the student’s information.” If you are

the student, we highly recommend choosing the first option (highlighted

below) if you can. If you log in with your FSA ID, a lot of your information

(name, Social Security number, date of birth, etc.) will be automatically

loaded into your application. This will prevent you from running into a

common error that occurs when your verified FSA ID information doesn’t

match the information on your FAFSA. Additionally, you won’t have to

provide your FSA ID again to transfer your information from the IRS or to

sign your FAFSA electronically.

Strategy Alert: We recommend that you, the student, start the

FAFSA so you can choose the option above. However, if you are a parent

who is starting a FAFSA on your child’s behalf, you should use only the

option on the right (because you should not know your child’s FSA ID.)

7. Skipping Over Definitions, Pay Close Attention to Questions

When it comes to completing the FAFSA, you want to read each definition

and question carefully, because sometimes, how the FAFSA wants you to

answer certain questions is counter intuitive.

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Strategy Tip: Don’t think about the tax code and how your tax

forms are completed. FAFSA and financial aid rules in general can differ from

IRS rules.

Here are some items that have very specific (but not intuitive) definitions

according to the FAFSA:

Legal Guardianship: One question on the FAFSA asks: “As determined

by a court in your state of legal residence, are you or were you in legal

guardianship?” Many students incorrectly answer “yes” here. For this

question, the definition of legal guardianship does not include your

parents, even if they were appointed by a court to be your guardian. You

are also not considered a legal guardian of yourself.

Parent: The FAFSA has very specific guidelines for which parent(s) need

to be reported on the FAFSA. (it has nothing to do with who claims you

on their taxes.)

Your Number of Family Members (Household size): The FAFSA has

a specific definition of how your (student) or your parents’ household

size should be determined. Read the instructions carefully. Many

students incorrectly report this number, especially when the student

doesn’t physically live with the parent.

Number of Family Members in College: Enter the number of people

in your (or your parents’) household who will attend college at the same

time you attend college. Don’t forget to include yourself. Do not include

your parents in this number. This number should never be greater than

your number of family members.

8. Incorrect Data Inputs

Here are some examples of common errors on the FAFSA:

Confusing Parent and Student Information: I know there are many

parents out there who fill out the FAFSA for their child, but remember,

the FAFSA is the student’s application. When the FAFSA says “you” or

“your”, it’s referring to the student, so make sure to enter your (the

student’s) information. If we are asking for your parent’s information,

we will specify that in the question.

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Entering the Wrong Name (Yes, I’m serious): You wouldn’t believe

how many people have issues with their FAFSA because they entered an

incorrect name on the application. It doesn’t matter if you’re Madonna,

or Drake, or whatever Snoop Lion is calling himself these days. You

must enter your full name as it appears on your Social Security card. No

nicknames.

Entering the Wrong Social Security Number (SSN): When we

process FAFSAs, we cross-check your Social Security number with the

Social Security Administration. To avoid delays in processing your

application, triple-check that you have entered the correct SSN. If you

meet our basic eligibility criteria, but you or your parents don’t have an

SSN, follow these instructions.

Amount of Your Income Tax: Here, we are asking for your assessed

income tax liability, not the amount of income tax withheld, and not

your adjusted gross income (AGI). I know this is complicated. To make

it simple, either transfer your tax info into the FAFSA using the IRS Data

Retrieval Tool or use this to find out which tax line number you should

refer to when answering this question. (Note: It depends on which IRS

form you filed.)

9. Parent Information Omission When Required

Even if you fully support yourself, pay your own bills, and file your own

taxes, you may still be considered a dependent student for federal student

aid purposes, and therefore, you’ll need to provide parent information on

your FAFSA. Dependency guidelines for the FAFSA are determined by

Congress and are different from those of the IRS. Find out whether you need

to provide parent information by answering these questions.

If you’re considered a dependent student and don’t provide parent

information, your FAFSA may not be processed, you may not receive an EFC

and/or you may only qualify for unsubsidized loans.

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10. Listing Only One College

Two-thirds of precollege FAFSA

applicants list only one college on

their applications. Unless you are

only applying to one college or

already know where you’re going

to school, this is a mistake!

Colleges can’t see the other schools

you’ve added, so you should add

ANY college you are considering to

your FAFSA, even if you aren’t sure

whether you’ll apply or be

accepted. You can add up to 10 schools at a time. If you’re applying to more

than 10 schools, follow these steps.

Strategy Alert: It doesn’t hurt your application to add more schools.

In fact, you don’t even have to remove schools you later decide not to apply

to. If you don’t end up applying or getting accepted to a school, the school

can just disregard your FAFSA. But you can remove schools at any time to

make room for new schools.

11. IRS Tax Data Timing / Accuracy – Now Seamless

For many, the most difficult part about filling out the FAFSA is entering the

financial information. But now, thanks to a partnership with the IRS,

students and parents who are eligible can automatically transfer the

necessary tax info into the FAFSA using the IRS Data Retrieval Tool. And this

year, the tool will be available on the same day the FAFSA launches (you

used to have to wait until February.)

Since we’re requiring earlier tax information (2015 info instead of 2016

info), you’ll already have filed your 2015 taxes by the time you start the

2017–18 FAFSA. This means you can transfer your tax info right away and

you won’t need to go back in and update your FAFSA with 2016 tax info. In

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fact, you can’t update the application with 2016 tax info; 2015 is what’s

required.

12. Did You Sign Your FAFSA Before You Hit Submit?

So many students answer every single question that is asked, but fail to

actually sign the FAFSA with their FSA ID and submit it. This happens for

many reasons —maybe you forgot your FSA ID, or your parent isn’t with you

to sign with the parent FSA ID —so the FAFSA is left incomplete. Don’t let

this happen to you.

If you don’t know your FSA ID, select “Forgot username” and/or “Forgot

password.”

If you don’t have an FSA ID, create one. (Note: You may need to wait

up to three days for your information to be verified before you can use

your new FSA ID to sign the FAFSA, but it’s still faster than mailing a

signature page.)

If you’re not able to sign with your FSA ID, you and/or your parent have the

option to mail a signature page. If you would like confirmation that your

FAFSA has been submitted, you can check your status immediately after you

submit your FAFSA online.

8 Steps to Filling Out the FAFSA

Need to fill out the FAFSA® but don’t know where to start?

Let’s “hurdle” through the process step by step.

1. Create an Account (FSA ID)

Student: An FSA ID is a username and password

you need to log in to and sign the FAFSA online. If you don’t have an

FSA ID, get one here ASAP. It takes about 10 minutes to create an FSA

ID. If this will be your first time filling out the FAFSA, you’ll be able to

use your FSA ID right away to sign and submit your FAFSA online. If this

is not your first time filling out the FAFSA®, you’ll need to wait 1–3 days

before you can use your new FSA® ID (there’s an account verification

process).

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Parent: If your child is required to report parent information on the

FAFSA, you need to create your own FSA ID in order to sign your child’s

FAFSA online. Create an FSA ID here. Parents are able to use their FSA

IDs right away.

Strategy Alert: Some of the most common FAFSA errors occur

when the student and parent mix up their FSA IDs. If you don’t want your

financial aid to be delayed, it’s extremely important that each parent and

each student create his/her own FSA ID and that they do not share it with

ANYONE, even each other.

2. Start the FAFSA: fafsa.gov

The 2017–18 FAFSA will be available October 1, 2016—three months earlier

than in previous years. Even if your state and school deadlines aren’t for a

while, you should complete the FAFSA as soon as possible after October 1

because some types of financial aid may run out if you wait until the last

minute to apply.

To get started, go to fafsa.gov and click “Start a New FAFSA”.

Strategy Alert: We recommend that the student start the FAFSA

using the instructions below. It makes the application process much easier.

If you are the student: Click “Enter your (the student’s) FSA ID”,

enter your FSA ID username and password, and click “Next”. If you are

the parent: Click “Enter the student’s information”, then provide the

student’s name, Social Security number, date of birth, click next.

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Choose which FAFSA you’d like to complete:

2017–18 FAFSA if you will be attending college between July 1, 2017

and June 30, 2018.

2016–17 FAFSA if you will be attending college between July 1, 2016

and June 30, 2017.

Both: If you will be attending college during both time periods and

haven’t completed your 2016–17 FAFSA yet, complete that first, wait

until it processes (1-3 days), then go back in and complete the 2017–18

FAFSA after.

Strategy Alert: If you are given the option to complete a “renewal” FAFSA,

choose that option. When you choose to renew your FAFSA, your

demographic information from the previous year will roll over into your new

application, saving you lots of time.

Remember, the FAFSA is not a one-time

thing. You must complete a FAFSA for each

school year. That is why it is important to

“manage” your EFC process starting in

high schools. This helps eliminate costly

mistakes that can occur when starting

college, it can be too late for some changes

that might increase financial aid.

Create a Save Key

Unlike the FSA ID, the save key is meant to be shared. A save key is a

temporary password that allows you and your parent(s) to “pass” the

FAFSA back and forth. It also allows you to save the FAFSA and return to

it later. This is especially helpful if you and your parent are not in the

same place.

3. Student Demographic Information

This is information like your name, date of birth, etc. If you have completed

the FAFSA in the past or if you log into the FAFSA with your FSA ID, a lot of

your personal information will be pre-populated to save you time. Make sure

you enter your personal information exactly as it appears on your Social

Security card. (That’s right, no nicknames.)

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4. School Selection

Two-thirds of precollege FAFSA applicants list only one college on their

applications. For many, this is a mistake! You are allowed and encouraged to

add every school you’re considering, even if you haven’t applied or been

accepted yet. There is no harm in adding schools, so when in doubt, just add

the school(s). You can add up to 10 at a time. If you’re applying to more

than 10 schools, here’s what you should do.

5. Dependency Status

In this section, you’ll be asked a series of specific questions to determine

whether or not you are required to provide your parent’s information on the

FAFSA.

These dependency guidelines are set by Congress and are different from

those used by the IRS. Even if you live on your own, support yourself, and

file taxes on your own, you may still be considered a dependent student for

federal student aid purposes. If you are determined to be a dependent

student, you’ll be required to report your parent’s information. If you’re

determined to be an independent student, you won’t have to provide your

parent’s information and you can skip the next step.

6. Parent Demographics

This is where your parent(s) will provide basic demographic information.

Remember that it doesn’t matter if you don’t live with your parent(s); you

still must report information about them if you were determined to be a

dependent student in the step above.

Start by figuring out who counts as your parent on the FAFSA.

For specific guidance, go here. If you are not able to provide parent info due

to special circumstances, read this.

7. Financial Information

Here is where you and your parent(s) (if applicable) will provide your

financial information. This step is incredibly simple if you use the IRS Data

Retrieval Tool, which is available within the FAFSA. This tool allows you to

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import your IRS tax information into the FAFSA with just a few clicks. Using

this tool also may reduce the amount of paperwork you need to provide to

your school. So if you’re eligible, use it!

More good news: Since the 2017-18 FAFSA requires earlier (2015) tax

information, you’ll have already filed your taxes by the time you start the

FAFSA. This means, you’ll be able to transfer your tax information right

away and you won’t have to log back in later to update it!

To access the tool, indicate that you’ve “already completed” taxes on the

student or parent finances page. If you’re eligible, you’ll see an option to

“Link to IRS”. Choose that option and follow the prompts.

8. Sign & Submit

You’re not finished with the FAFSA until you and your parent (if you’re a

dependent student) sign it. The quickest and easiest way to sign your FAFSA

is online with your FSA ID.

Note: If you (the student) logged in to the FAFSA with your FSA ID, you

won’t need to provide it again on this page, but if you’re a dependent

student, your parent will still need to sign before you can completely submit.

Strategy Alert: Six “golden nuggets” of information that can be a

lifesaver.

If you or your parent forgot your FSA ID, you can retrieve it.

Make sure you and your parent don’t mix up your FSA IDs. This is one of

the most common errors we see, and why it’s extremely important for

each person to create his/her own FSA ID and not share it with anyone.

Make sure the parent who is using his/her FSA ID to sign the FAFSA

chooses the right parent number from the drop-down menu. If your

parent doesn’t remember whether he/she was listed as Parent 1 or

Parent 2, he/she can go back to the parent demographics section to

check.

If you have siblings, your parent can use the same FSA ID to sign

FAFSAs for all of his or her children. Your parent can also transfer

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his/her information into your sibling’s application by choosing the option

provided on the FAFSA confirmation page.

If you get an error saying that your FSA ID information doesn’t match

the information provided on the FAFSA, here’s FAFSA Help .

We recommend signing the FAFSA with an FSA ID because it’s the

fastest way to get your FAFSA processed. However, if you and/or your

parent are unable to sign the FAFSA electronically with an FSA ID, you

can mail in a signature page. From the sign and submit page, select

“Other options to sign and submit” and then choose “Print A Signature

Page.” Just keep in mind that your FAFSA will take longer to process if

you go this route.

FAFSA Puzzle

Solved!

FAFSA

4 Things You Should Know After FAFSA Filing

Here are a few things to look out for after you submit your FAFSA.

1.Your FAFSA Confirmation Page is not Your Financial Aid Award.

After you complete the FAFSA online and click “SUBMIT,” you’ll see a

confirmation page like the one below. This is not your award package. You’ll

get that separately from the school(s) you apply to and get into. Your

school(s) calculate your aid.

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The confirmation page provides federal aid estimates based on the

information you provided on your FAFSA. It’s important to know that these

figures are truly estimates and assume the information you provided on the

FAFSA is correct. To calculate the actual amount of aid you’re eligible for,

your school will take into account other factors, such as the cost to attend

the school. Additionally, these estimates only take into account federal aid

and not outside scholarships or state and institutional financial assistance

you may also be eligible for.

Strategy Alert: Each school you are accepted to and include on your

FAFSA will send you a financial aid award. Until you receive this award

letter/notification from a school, it may be difficult to know exactly how

much aid you might be eligible to receive from that specific school.

Our EFC Tune-UP™ calculates your EFC based upon your data inputs. We

then can provide you projections of financial aid awards by schools based

upon your EFC number and the school’s reported financial aid practices.

School comparison can be very valuable when answering the affordability

question and where to send applications.

2. The Expected Family Contribution (EFC) is Just One of Many

Factors used to Calculate Your Financial Aid Award

The information you report on your FAFSA is used to calculate your EFC. It’s

very important to note that the EFC, in most cases, is not the exact amount

of money your family will have to pay for college. Instead, the EFC is an

index number used by financial aid offices to calculate how much financial

aid you would receive if you were to attend their school. The formula they

use is:

Cost of attendance (“COA” or “TCOA”)

– Minus: Expected family contribution (“EFC”)

Your Family “Financial Need”

Each school will then do its best to meet your financial

need. Some schools may meet 100% of your financial need (click for

list), and other schools may only meet 10%–it just depends on the school

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and the financial aid they have available that year. You should complete the

FAFSA annually because there are many factors that can change each year

you plan to be in school.

Strategy Alert: Contrary to popular belief, the EFC formula

considers more than just income. Factors such as dependency status, family

size, and the number of children in your family who are attending college are

just a few of the additional factors considered.

3. Financial Aid Awards Sent Out When?

Even though the 2017-18 FAFSA is available in October this year, that

doesn’t mean you’ll get an award letter earlier. Some schools may send you

an award letter earlier, while other schools may stick to the timeline they

have used in the past.

Remember that your school disburses your aid, not the FAFSA, and each

school has a different schedule. Contact your school for details about when

they send out award letters. If you want to see an estimate of your school’s

average financial aid awards you can use net price calculators at the school’s

website. For more personalized accurate planning go to EFC Tune-UP™

Strategy Alert: After completing your FAFSA, it’s always a good idea

to double-check with the financial aid offices at your application schools to

confirm FAFSA receipt.

4. You can Submit FAFSA Correction Such as Adding a School.

After your FAFSA has been submitted and processed (takes about 3 days),

you can go back and submit a correction to certain fields. This includes

correcting a mistake or adding another school to receive your FAFSA

information. Login with your FSA ID, and then click “Make FAFSA

Corrections.” You can add up to 10 schools at a time. If you’re applying to

more than 10 schools, follow these steps.

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Hopefully this FAFSA Completion Guide helps you through the process.

Going to college is complex, so many decisions where accurate information

many times can be difficult to find, ascertain, and execute without a

beneficial strategy coach that can assist in the large number of tasks and

deadlines.

That is where we can help with our coaching programs. One example,

software that manages the college selection/admission process; surveys

such as personality test for major selection, discounted test prep preparation

(ePrep ) / test date calendar, college selection search engine with integration

of your academic profile, comparison net price of colleges, and a calendar

that is integrated to all functions of the planning process tracking key dates /

projects due / completed. And much more including financial aid award

analysis and filing financial aid appeals.

If you have any questions, please contact me.

Jim Kuhner

College Selection Strategy

mailto:[email protected]

Author Attribution Sources: Nichole Callahan, Digital Engagement Strategist at Federal

Student Aid, Sandra Vuong, Digital Engagement Strategist at Federal Student Aid.