When is the FAFSA deadline? You should submit your FAFSA application as soon as possible each year. Most federal and state aid is limited and is awarded on a first come, first served basis. The FAFSA application is key to receive not just federal financial aid, but also state aid and many college grants and scholarships. There are two exciting changes coming to the Free Application for Federal Student Aid (FAFSA®) process this year. The 2017–18 FAFSA will be available earlier. You can file your 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA ®) form. The 2018–19 FAFSA form was made available as of Oct. You should fill it out as soon as possible on the official government site, fafsa.gov.
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.
The FAFSA should not be confused with the CSS Profile, which is also required by some colleges. The CSS is a fee-based product of the College Board and usually used by colleges to distribute their own institutional funding rather than federal or state. Iso 27001 standard 2013 pdf.
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Eligibility[edit]
The official FAFSA website is fafsa.gov.
Many students are eligible for some form of financial aid. Students who are not eligible for need-based aid may still be eligible for an unsubsidized Stafford Loan regardless of income or circumstances.[1]
A student who can meet the following criteria may be eligible for aid:
2016 2017 Fafsa Application Dates
Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its accompanying Yellow Ribbon program. The amount of military aid a student receives for a college education does not defer eligibility or reduce the amount of student aid that student could receive from the four federal grant programs – Pell, SMART, FSEOG, and TEACH – and many of the state student aid programs.
Student Aid and Fiscal Responsibility Act (SAFRA) of 2010 changed the criteria for suspension of eligibility for drug-related offenses. Previously, students could lose eligibility for either the possession or sale of a controlled substance during the period of enrollment. SAFRA dropped the penalties for possession of a controlled substance but retained the penalties for sale of a controlled substance. SAFRA increases the suspension to two years for a first offense and indefinite for a second offense.
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Preparation and filing options[edit]
Beginning with the 2017-2018 academic year, the FAFSA is made available to the public on October 1. The 2016-2017 academic year was the final time the FAFSA was made available on January 1. The US Department of Education made the FAFSA available earlier to more closely align the timing of the financial aid application process with the typical college application process.[7] Additionally, 2-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017-2018 academic year. This change in using 'prior-prior tax year' information enables families to use the IRS Data Retrieval Tool in the FAFSA to verify their tax information without a delay from the IRS processing tax information.[7] Some financial aid is provided on a first-come, first-served basis, and students are encouraged to submit a FAFSA as soon as possible.[7]
According to the U.S. Department of Education's website, students have three preparation options:[8]
The Higher Education Opportunity Act of 2008 authorized fee-based FAFSA preparation.[9] By law, fee-based FAFSA preparation services must on initial contact with students inform them of the free option and be transparent about their non-affiliation with the U.S. Department of Education and their fees. Students should not engage with FAFSA preparation firms that are not transparent about FAFSA options and their fees upfront, or that promise to obtain scholarships.
Application process[edit]
In addition to demographic and financial information, applicants can list up to ten schools to receive the results of the application once it is processed. Historically, there was some concern that colleges could deny admission, waitlist applicants, or offer less financial aid as a result of the order in which applicants list schools on the application, or FAFSA position.[10][11] However, the US Department of Education changed the FAFSA for the 2016-2017 academic year to prevent schools from having access to view other schools that may be listed on the application.[12]
After completing the FAFSA, students are presented with a Student Aid Report (SAR). The SAR provides a student with their potential eligibility for different types of financial aid, their Expected Family Contribution (EFC), and a summary of the data a student provided in the application.[13] Students should carefully review the SAR for errors and make any corrections as necessary. An electronic version of the SAR (called an ISIR) is made available to the colleges/universities the student includes on the FAFSA. The ISIR is also sent to state agencies that award need-based aid.
Types of federal financial aid[edit]
Federal Student Aid offers several different types of financial aid programs.
See also[edit]References[edit]
External links[edit]
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