Wednesday, September 27, 2017

FAFSA Checklist!

On October 1st, the Free Application for Federal Student Aid opens for completion. Below is a list of the items you need to complete your application for FREE $$$$ for college including most technical schools (Emily Griffith Technical College).

Be sure to get these items together NOW so you are ready!

Here’s what you’ll need:
 Your Social Security card and driver’s license (if you have one).

Your parents income tax returns, W-2 forms and 1040 forms from 2016 if you are a dependent (and you are unless declared otherwise). 

  • If you are employed, bring your tax returns, W-2 forms and 1040 forms from 2016! 

 Records and documentation of other nontaxable income received such as welfare benefits, Social Security income, veteran’s benefits, military or clergy allowances (if applicable). 

 Any additional applicable financial information, such as taxable work-study, assistant-ships, fellowships, grants and scholarship aid reported to the IRS, combat pay or special combat pay and cooperative education program earnings. 

 Records of any additional nontaxable income: Examples include: child support received, veterans’ non-education benefits, money received or paid on your behalf, etc. 

 Current bank and brokerage account statements, including records of stocks, bonds, mutual funds and other investments (if applicable). 

 Business or investment farm records (if applicable). 

 Records relating to any unusual family financial circumstances, such as anything that changed from last year or anything that distinguishes the family from the typical family in terms of unusual marital situations, living situations, separations, etc. Examples include: high non-reimbursed medical and/or dental expenses, unusually high dependent care costs (e.g., for a special needs child or an elderly parent), death, divorce, salary reductions, job loss and private K-12 tuition. 

 When filling out and submitting your FAFSA electronically, you’ll need an FSA ID to sign the form. If you don’t have one, you can create a FSA ID online. If you are applying as a dependent- again, you are unless declared otherwise – one parent is required to sign as well. To electronically fill out your FAFSA online, your parent should also apply for a FAFSA ID at the same site. 

 If you are a male, 25 years or younger, you must be registered with Selective Service. 

Check out this worksheet for further information.

(Checklist above pulled from the Fastweb site.) 

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