Deadlines
Why is it important to submit FAFSA early?
Some aid is first-come, first-served.
What tax document is commonly used to complete FAFSA?
Federal Tax return ( for example IRS Form 1040)
What federal grant is awarded based on financial need?
Pell Grant
True or False: You only need to complete FAFSA your senior year of high school.
False - you must complete it every year you want financial aid.
If you are a dependent student, whose financial information is usually required?
A parent’s.
What type of aid must be repaid with interest?
Student loans.
Who sets FAFSA priority deadlines besides the federal government?
States and colleges.
Name two pieces of information needed besides tax forms.
Social Security number, driver’s license number, bank statements, or records of investments.
What is work-study?
A program that allows students to work part-time to earn money for school.
Who sets FAFSA priority deadlines besides the federal government?
States and colleges.
Name two pieces of information needed besides tax forms.
Social Security number, driver’s license number, bank statements, or records of investments.
What is work-study?
A program that allows students to work part-time to earn money for school.
What happens if you miss your state or college FAFSA priority deadline?
You may still receive federal aid, but you could miss out on some state grants or school-based aid.
What online tool allows FAFSA to automatically transfer tax information from the IRS?
The IRS Direct Data Exchange (formerly IRS Data Retrieval Tool).
What is the new name for EFC (Expected Family Contribution) used in FAFSA calculations today?
Student Aid Index (SAI).