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Students and families will use income tax information from two years prior to complete the application.
These significant changes, announced last year by the Department of Education will make the FAFSA process earlier, easier and more accurate.Will deadlines change again?
Your FSA ID will enable you to “sign” documents electronically and make corrections to your FAFSA through the web.
Both the parent and student must each apply for a FSA ID.
Most state and school deadlines haven’t changed, but be aware of this: Several states’ deadlines have changed from “as soon as possible after Jan. 1.” Find state deadlines on the FAFSA and school deadlines on schools’ websites.
The FAFSA is used by all colleges to determine your Expected Family Contribution (EFC) and your eligibility for federal and state aid.You may be eligible, and if so we highly encourage you to use the IRS Data Retrieval Tool within the FAFSA to update the information after taxes have been filed.Information will be transferred from the IRS directly into the FAFSA with this option.The IRS Data Retrieval saves time and eliminates the probability of being chosen for verification.Those who do not elect to utilize the automatic retrieval will more likely be selected for verification. Changes to Upcoming FAFSA Entries: As of January 2012, FAFSA applicants are strongly encouraged to import their tax information into the FAFSA application.