(Vocab) Word Up!
This acronym and phrase replaced Expected Family Contrubution (EFC). Give us both.
What is SAI and Student Aid Index?
This system is replacing the IRS Data Retrieval Tool (DRT).
What is Direct Data Exchange DDX?
This login ID is needed in order to fill out the FAFSA form.
What is a FSA ID?
This is the lowest possible Student Aid Index (SAI) figure.
What is -$1500.
This captures the appropriate number of family members and dependents in the applicant’s household, within the meaning of section 152 of the Internal Revenue Code, formerly referred to as Household Size.
What is Family Size?
Food and Housing are replacing this old term as a component within a student's Cost of Attendance.
What is Room and Board?
This is the best website for students to go to, to learn more about the FAFSA.
What is studentaid.gov?
This is the tax year used to complete the 2024-2025 FAFSA.
What is 2022
This phrase replaced the acronym SAR.
What is FAFSA Submission Summary?
FSS? FFFFFFFFSSSSSSSSSSSSSSSSSSSSSS? (pronunciation of the acronym?)
This is now needed from all contributors in order for the IRS Data Transfer to take place.
What is consent?
On the 2024-2025 FAFSA the networth of investments, businesses, and/or farms would all be reported as this.
What are assets?
All students born before this date are considered independent.
What is January 1st, 2001?
A student, parent, or spouse may all be considered this.
What is a contributor?
This is the amount of aid one would be eligible for if any contributors required to provide information on the FAFSA does not consent to the automatic transfer of information from the IRS.
What is 0?
This "preformance-based orgaization" controls the FAFSA.
*Hint* they are a part of the US Dept. of Education
What is Federal Student Aid (FSA)?
This answer can be provided when a parent asks, "Does contributing to the form mean I’m responsible to pay for college?"
What is no?
Also acceptable: what is nah, nope, nada, or naw?
This is the new name for the C-Flag and/or C-Code
What is the FAFSA processing System (FPS) C-Flag?
Typically these 4 items are all needed in order to invite a Contributor to the FAFSA.
What are their name, date of birth, SSN and email address?
Typically one of these two numerical identifiers is needed in order complete the FAFSA form.
*Hint* if a parent does not have one they can either enter an Individual Taxpayer Identification Number (ITIN) or leave it blank
What is an A# or SSN?
This is the last day a student can submit the 2024-2025 FAFSA.
What is June 30th, 2025?