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Frequently Asked Questions

Should I wait to file my financial aid application (FAFSA) until my taxes are done?

Frequently Asked Questions - Financial Aid - Missouri State ...
The Missouri State priority processing deadline is March 31. You want to meet this deadline to be considered for all types of aid. If you do not have your tax returns completed by the first week in March, you can estimate income figures on the FAFSA. However, it is best to complete your tax return early and provide accurate information. This will avoid corrections and delays in processing your aid.
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EU Financial Aid
Evangel's Priority Processing deadline is April 1st. You want to meet this deadline if at all possible. If you do not have your tax returns done by the first week in March to complete your FAFSA, then you can use estimated income figures on the FAFSA. It is best to complete your tax returns early and transfer that information to your FAFSA to have the most accurate application and avoid corrections later. There is a postcard located with the FAFSA self addressed envelope.
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My family will not file their taxes by the deadline for Financial Aid. How do I file the FAFSA ?

Herkimer County Community College
You may estimate your family's tax information by using information from the W2's and last year's tax forms.
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Should I wait to file my FAFSA until my taxes are done?

UNO | Student Enrollment Services | Financial Aid
You should not delay filing your FAFSA past the March 1st priority deadline. If you have to estimate your income, be as accurate as possible using your W-2 forms and other financial records. It is very likely that we will request a copy of your tax forms some time during the process.
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Application Process Should I wait until I get admitted to file for financial aid?

Hofstra University - School of Law - Financial Aid - FAQ - A...
No, file as soon as you can so that your application for financial aid can be considered as soon as possible after you are admitted.
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What forms other than the FAFSA are required to apply for financial aid?

NYU Office of Financial Aid
NYU requires students to submit only the Free Application for Federal Student Aid (FAFSA), and later, New York State residents must also complete the New York State Tuition Assistance Program (TAP) application. The FAFSA is the basic form for most student aid programs; be sure to complete all required sections. Students should give permission on the FAFSA for application data to be sent to New York University: our federal school code number is 002785.
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What types of financial aid do I apply for when I complete the FAFSA?

Loyola University Chicago- FAQs
The FAFSA is the application for a number of federal and state financial aid programs. When you complete the FAFSA, you apply for the Federal Pell Grant; the State of Illinois Monetary Award Program (MAP) Grant (Illinois residents only); Loyola need-based grants; Campus-Based Aid Programs, including the Federal Supplemental Educational Opportunity Grant (SEOG), the Federal Perkins Loan and Federal Work-Study; and the Federal Stafford Loan. Absolutely. Your sister should reapply for aid, as well.
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Should I wait until my taxes are filed before I do my FAFSA?

CSUF - Financial Aid - Frequently Asked Questions
Not if you’ll miss the March 2 priority filing date! We encourage you to complete your taxes as early as possible so that your FAFSA is accurate. However, if you or your parents cannot complete the taxes before March 2, use your best estimate of income and taxes. Just indicate on your FAFSA that you are using estimated figures. Once you file your taxes, you can make corrections if necessary.
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Why can’t the Financial Aid Office tell me what I can qualify for before I file my FAFSA?

FAQ's - Financial Aid
The formula used to calculate the EFC from the FAFSA is very complicated and has many variables besides just income...such as household size, the number of students in college, the state tax base based on the student and/or parents state of residency, and allowance percentages that differ from one income families to two income families. The financial aid staff at Lee College needs to see the ISIR or SAR before any aid estimates can be discussed.
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I plan to attend both summer sessions. Which FAFSA should I file for financial aid eligibility?

OFFICE OF STUDENT RECORDS AND REGISTRATION
o You must complete the 2006-07 FAFSA for financial aid consideration for Summer 2007. However, if you plan on attending the Fall 2007 semester, you must complete the 2007-08 FAFSA.
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Do we need to have our taxes completed to file the FAFSA application?

Central College - Financial Aid
No. You may complete the application using reasonable estimates of income. If this is done, please understand that final results using actual tax figures may change the student aid award. You may need to submit copies of your tax return at a later date if you are selected for verification.
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Do I need to file the free Application for Student Aid (FAFSA) each year?

Student Financial Services : Frequently Asked Questions
Yes. The federal government requires students to submit income, assets and household information each year. Continuing students should be receiving a Renewal FAFSA in the mail around November 1 of each year. An original FAFSA or the Renewal Application should be submitted after January 1, but prior to March 1st each year. No.
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Should I file the FAFSA (Free Application for Federal Student Aid)?

DEF: Frequently Asked Questions
Yes! The FAFSA is the federal form used to apply for need-based financial aid. The information from your (or your parents') tax return is needed on the FAFSA, which will then determine your estimated family contribution (EFC) to the cost of college.
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Do I need to wait for a notice of admission to apply for financial aid?

FAQ's
No. Submit the FAFSA by the priority processing deadline. Typically, financial aid applications should be submitted during the January preceding your enrollment. You will need to be admitted, however, before financial aid will be awarded.
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How do I get an application for financial aid?

FAQ — Women’s Studies
There is no separate application for financial aid for our joint PhD programs. All admitted students will receive a full funding package that is explained in detail with their admissions letter.
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Can I submit my Financial Aid application before January 1?

Answers to your Questions About Financial Aid at Michigan Te...
No. If a Financial Aid application is submitted before January 1, it will be rejected by the federal processor.
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Are there deadlines to file the FAFSA for aid?

Hope College | Office of Financial Aid
There are priority filling dates for financial aid. Go to Priority Consideration Dates for more information. State of Michigan residents should file the FAFSA by March 1 to meet the State of Michigan Scholarship and Grants filing date. No. As it is important that you meet published deadlines, you should file your applications using estimated tax information. You can then update your information after your tax forms have been filed. If you do estimate, make sure to be as accurate as possible.
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Should I wait until I am admitted to file for financial aid?

Georgetown Law - Frequently Asked Questions | Financial Aid
Although you will not be able to complete the Georgetown Institutional Aid application until you are admitted, please be sure to complete the FAFSA and, if applying for grant aid, the CSS Profile or Need Access by the priority deadline of March 1. This ensures that your application for financial aid will be considered as soon as possible after you are admitted.
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Should I wait until after I have been admitted to file financial aid forms?

FAQ's - Guilford College
No!! You should list any colleges to which you have applied on the financial aid form, even though you haven't been admitted yet. There is a turn-around time of 1-2 weeks after you submit your application online before colleges receive your Financial Aid documents from the processing center. If you wait until you are admitted you may not receive a financial aid package until much later.
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Question: Is there a deadline for submitting the FAFSA or Financial Aid Application?

Frequently Asked Questions
Answer: The Department of Education will allow you to submit an application between July 1st and June 30th of each year. However, Louisiana Technical College does have priority dates for submitting all Financial Aid documents. They are as follows: If all required documentation is received by the campus Office of Student Financial Assistance by the priority date, your Title IV Pell grant funds should be requested in the first batch by the campus to be produced.
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What if our taxes are not completed by the financial aid application deadline?

Lake Forest College > Admissions > Financial Aid > FAQs
While the "ideal" situation means having the tax returns completed early, and before the FAFSA is completed, most of the time it's okay to estimate the information that will appear on your tax return. This is especially true if you won't file your taxes until late March or early April. If you do estimate, we recommend that you call us once your tax returns are finished. If there are significant changes on the returns, we will guide you on making necessary corrections.
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When can I file the Free Application for Federal Student Aid (FAFSA)?

Troy University - Financial Aid - Frequently Asked Questions
Your can file the FAFSA anytime after January 1st of the year that you plan on attending or returning to college. For example if you plan to attend in Fall 2006, Spring 2007, or Summer 2007, you would complete the 2006-2007 FAFSA. If you don’t have your tax returns completed, please wait until all the information is completed before completing the FAFSA.
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How Does Financial Aid Affect My Taxes?

Frequently Asked Financial Aid Questions at Kishwaukee Colle...
Due to the Tax Reform Act of 1986, a portion of financial aid awards may be considered taxable income that is required to be reported to the U.S. Internal Revenue Service (IRS). Students and their families may be eligible for the Hope Tax Credit and/or Lifetime Learning Tax Credit when tuition and fees are paid by the student or family and when U.S. income taxes are owed. Consult a tax preparation expert or the IRS for details and requirements.
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Why do you want to see my financial aid application?

UCLA Study FAQs
Some studies have suggested that students from lower-income families have different experiences on college campuses than other students because they have more financial stress and have to work more hours per week. We want to know whether that is the case at UCLA. In order to figure it out, we need an accurate estimate of your family's income, as well as the other demands on that income (such as other children in college).
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Do I have to file my taxes before I fill out the FAFSA?

Financial Aid Frequently Asked Q
If estimated information is used to meet specific school deadlines, the FAFSA must be updated after filing taxes.
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What types of financial aid are covered by the FAFSA?

UIC Office of the Vice Chancellor of Student Affairs
All forms of federal financial aid are covered, including Pell Grants, Supplemental Grants, Perkins loans, Stafford loans, and work study. In addition, the state of Illinois uses the FAFSA to determine eligibility for the Illinois MAP Grant.
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Why should I fill out the FAFSA if I know I do not qualify for Financial Aid?

Charleston Southern University
All students receiving financial assistance from CSU must complete the federal aid application. The only way to be sure that you do not qualify for federal aid is to not apply for it! You must also complete the FAFSA to receive state aid and student loans. If you feel your situation is unique, please notify the Enrollment Services Office to discuss it.
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How do I get financial aid?

Frequently Asked Questions about Financial Aid
Upon being accepted by Admissions and paying a tuition deposit, a financial aid packet, (including online FAFSA information) is mailed out to the student along with "time lines" to assist you in planning.
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NYU Office of Financial Aid
Most aid is based upon need. If there are new or changed circumstances not correctly reflected on your original FAFSA, you should use the Student Aid Report (SAR) to make corrections through the U.S. Department of Education. When you receive your new SAR write us a letter, send an e-mail message, or call us and ask for a review. If your current SAR is already correct, immediately send us a letter, an e-mail message, or call us indicating your special circumstances.
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The alt.education.distance FAQ (Frequently Asked Questions) ...
In Australia, many Australian programs are "free" to citizens, although a program called HECS calls for students to pay for their education following graduation, but only if they make more than $25,000 per year. Some programs are fee-based, such as MBAs, and call for fees. Foreign students will always pay a fee. These can be as high as $12,000 per year.
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