It is that time of year again…time to fill out your FAFSA. I suggest your goal be to get this done the first week of January as it comes available to you January 1, 2016. I know for many of you, this has been on your to-do list, and now you can finally do it. Gather all the information you need about both parent and student, and get started. This includes all social security cards, most recent tax returns, most recent W-2, bank statements, student drivers license, and any investment and untaxed income records.
The first step you will want to do is create a Federal Student Aid ID. This is explained to you step by step following this link, http://www.ifap.ed.gov/eannouncements/attachments/050415FSAIDReplaceHowToCreateFSAIDGuideATTACH.pdf
A few general tips when completing your FAFSA.
Once you complete your FAFSA and submit it, it will take between 3-5 days to process. Once it is processed you will receive an email with a link to your Student Aid Report (known as SAR). This email will let you know if there are any issues that need to be taken care of and also include a short summary of your application. If everything is completed and there are no issues, you SAR will also show your EFC (Expected Family Contribution). Your EFC is used to calculate your financial aid eligibility at each school you have on your list.
Good luck and get to work! The finish line is in site!!