Attention seniors and parents, there have been some changes to FAFSA!
Parents will have to report the adjusted net worth of their farm/small business. In the past, these were exempt from being reported, but they have to be reported this year.
The FAFSA website will be open on Dec 1st
Next year it will go back to October 1 opening
You MUST obtain an FAFSA ID BEFORE starting the FAFSA
It is much recommended that you get your FSFA ID now
Now it will take 3-5 days(or longer) to get your FSA ID after working on your FAFSA
Future Act Direct Data Exchange (FADDX) allows the Dept. of Education to request the IRS to transfer your tax information so you do not manually enter the tax info on the FASFA
MUST click the permission box in the FASFA to allow the Dept. of Education to request tax info from the IRS Parent AND stepparent's financial information
Make sure the student has an email setup that is NOT his/her school
Student and parents CAN NOT use the same email address or phone number
For more information, you can visit https://studentaid.gov
They will ask for your full name, social security number, and date of birth.
Written by,
Jessie Worthy