The FAFSA is Here!
The 2020-21 FAFSA is here! Here are a few tips you can share with your students.
This year students can access the FAFSA by visiting FAFSA.gov or by using the myStudentAid mobile app. The FAFSA should be completed as soon as possible after Oct. 1 to ensure priority consideration for some types of financial aid. It’s best to gather all necessary materials before starting the FAFSA. Since the 2020-21 FAFSA allows applicants to use 2018 tax information, families can use their 2018 return to complete the application right away! There's no need to wait.
To complete and submit the FAFSA online, students and one of their parents/guardians will each need to create an FSA ID (Federal Student Aid ID) at FSAID.ed.gov. This username/password serves as an electronic signature on the FAFSA and certain student loan applications, and allows them to access other federal student aid websites. It’s beneficial for families to create their FSA IDs before starting the FAFSA to speed up the application process. Visit UCanGo2.org to download an FSA ID Worksheet (in English and Spanish) to keep track of your information.
For more information and FAFSA resources, including educational tools and tutorial videos in English and Spanish, visit StartWithFAFSA.org.
It’s time to complete the 2020-2019 FAFSA
The FAFSA questions ask for information about you (your name, date of birth, address, etc.)
and about your financial situation. Depending on your circumstances (for instance, whether
you’re a U.S. citizen or what tax form you used), you might need the following information or
documents as you fill out the application:
Your Social Security number (it’s important that you enter it correctly on the FAFSA form!)
Your parents’ Social Security numbers if you are a dependent student
Your driver’s license number if you have one
Your Alien Registration number if you are not a U.S. citizen
Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are
married), and for your parents if you are a dependent student:
IRS 1040, 1040A, 1040EZ
Foreign tax return
Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States
of Micronesia, or Palau
Records of your untaxed income, such as child support received, interest income, and veterans noneducation
benefits, for you, and for your parents if you are a dependent student
Information on cash; savings and checking account balances; investments, including stocks and bonds and
real estate (but not including the home in which you live); and business and farm assets for you, and for your
parents if you are a dependent student
Keep these records! You may need them again. Do not mail your records to us.
You can create an FSA ID when logging into certain ED websites, including this one. Create an FSA ID now.
The FSA ID process consists of these main steps:
Of students in the class of 2019, a staggering 69% graduated with an average student debt of $29,800. For many prospective college students, the financial burden remains a barrier to entry for higher education.
Our goal at AffordableColleges.com is to help everyone approach the costs of education in a way that best works for them. We wanted to connect with you to ensure students in Jay have access to the guides we have created on managing the financial cost of higher education. Included is information on the FAFSA, financial aid resources, and specialized information for students paying for college on their own. Take a look below:
Paying for College on Your Own
Financial Aid: Your Must-See Guide
FAFSA for the College Student