Brad Dunlap
Only the mediocre are always at their best.

 





Financial Information






























 
 

Financial Information

 

FAFSA Information


EF Knight:

The FAFSA Form (Free Application For Federal Student Aid)

Every student applying for financial aid needs a PIN number. This site explains what the PIN # is and how to apply.
http://www.pin.ed.gov/

Accessing the FAFSA Form on the web
http://www.fafsa.ed.gov/




FAFSA: Step by Step

Step 1: Get the FAFSA
You can get a copy of the FAFSA one of three ways:
1. Get a paper version from your guidance counselor's office.
2. Complete FAFSA on the web: www.fafsa.ed.gov
3. Call 1-800-4-FED-AID to ask for a copy

Step 2:  Fill out the FAFSA
Keep a completed copy for your records.  For the 2008-2009 school year, use info from 2007.  You'll need the following to fill out the form:
-Social security number
-2007 W2 and/or tax return (1040, 1040A, 1040EZ, etc.)
-Driver's license
-2007 federal income tax return
-Parents' 2006 income tax return (if a dependent)
-2007 untaxed income records (if any)
-Current bank statements
-Current mortgage and investment records (if any)
-Alien registration card (if not a U.S. citizen)

Step 3:  review your Student Aid Report (SAR)
The SAR is proof that your FAFSA was received.  Review it carefully.  If you filed electronically, you should receive your SAR in 2-3 weeks (4-5 weeks if you filed a paper FAFSA).

What is I find errors on my SAR?
Report them immediately to the FAFSA Help Desk and ask how you should make corrections.  Unresolved errors could delay your aid.

What if I find receive my SAR?
Call 1-800-433-3243 if you do not receive your SAR in 4-5 weeks.  Provide your name, Social Security number and date of birth for verification.

Basic FAFSA on the Web Facts

What is it?
FAFSA stands for Free Application for Federal Student Aid.  The federal government uses this form to determine your eligibility for aid, including: grants, work-study, scholarships and loans.  FAFSA on the Web is the online version of a paper FAFSA. 
Why would I want to complete my FAFSA on the Web instead of on paper?
*The federal processor can do an "edit check" of your information and alert you of any mistakes.
* The process is quicker.  Receive your SAR in 2-3 weeks (or 3-5 days if you include an e-mail address) vs. 4-5 weeks in you fill out the paper version.
* Eliminate postal service problems or delays.

How do I get started?
Visit www.fafsa.ed.gov and click "Before Beginning a FAFSA" to get started.

FAFSA Web Tips

Use a sample FAFSA worksheet:  Click "Before Beginning a FAFSA," then "Print a Pre-Application Worksheet."  Use the print-out as a guide before committing answers online.  DO NOT enter online answers directly from the paper FAFSA! Web vs paper FAFSA questions are in a different order!

Save your FAFSA online if you can't finish it one session: Click the "Save" button at the bottom of each step to save info for 45 days.  Use a password (which you select at the start of the process) to retrieve your information later.

Fill out a FAFSA even if you don't think you will qualify for aid:  You may qualify even if you don't think you do.  Also, being rejected for federal aid is sometimes a prerequisite for receiving a private award.

Follow the instructions:  Take you time and get help if you need it.  If you have questions ask your guidance counselor or call 1-800-4-FED-AID.

Accurately list your information:  DO NOT enter false information as a way to qualify for more aid.  Doing so is a federal crime and punishable with fines or prison.

Print out a copy:  Keep a completed copy for your records. 

Signing the FAFSA

Whether you complete a paper or electronic FAFSA, you will be required to provide your signature (and parent's signature if you are a dependent student).  Here are three ways:

1) Use your 4-digit PIN (see above) issued by the U.S. Department of Education to electronically sign your FAFSA.  (Your parents will also need their own PINs to electronically sign your FAFSA).

2) Print the signature page, get the required signatures and mail the form to the address listed on your signature page.

3) The third option is the slowest and is not recommended.  Wait until you receive your Student Aid Report (SAR), get the required signature(s) and return it through the U.S. Postal Service via certified mail.

Remember that the FAFSA is FREE! DO NOT pay someone to complete the form for you!


This Page was last update: Monday, August 18, 2008 at 10:59:43 AM
This page was originally posted: 8/13/08; 2:08:34 PM.
Copyright 2009 Brad Dunlap

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