All employers, schools, organizations, etc. are required to send your tax information to you by January 31 of each year. Examples: W-2s (from your employer- record of wages earned) 1098T (record of college tuition and fees) 1099 Misc (record of non employer wages) ***For more information visit www.irs.gov. If you are planning to attend [...]
Do you qualify as a dependent student and yet you are unable to provide parental information on the FAFSA? If your parent is unwilling to provide information on your FAFSA, you can still complete the application and receive some non need-based aid eligibility. Encourage your parent to work with you, and involve your institution’s financial [...]
Each award year’s new FAFSA becomes available for completion on the first of January. Although your taxes will not yet be complete at that time, the FAFSA can be completed with estimated information. Since some financial aid benefits are only available for a limited time and may run out, it is a good idea to [...]
Beginning with the 2010-2011 Free Application for Federal Student Aid (FAFSA) award year, students and parents have been able to link directly to the Internal Revenue Service website and transfer data onto the application. Linking straight to the IRS site can help to decrease the possibility of needing to make corrections to your FAFSA as [...]
Step Four – Determining the Cost of your Education – Net Price Calculators Get an idea of the cost involved in all of your educational institution options. Remember to factor in the cost of travel, supplies, books, room and board, and other living expenses. All college websites are now required to have a net price [...]
Under the Higher Education Act, all persons applying for Federal Student Aid will be determined to be either dependent or independent students. The status basically determines whether or not your parental information will be required on the FAFSA. Dependency status is NOT determined by whether you are legally considered an adult or have moved out [...]
Step 3 (cont.) – Eligible Non-Citizens If you are not a citizen of the United States, in order to qualify for Federal Student Aid you must be one of the following eligible non-citizens: Permanent Resident of the United States Conditional Resident of the United States Refugee, or granted asylum, or conditional entrant Parolee into the [...]
Step Three – Determining your Financial Aid Eligibility To obtain a realistic idea what you may qualify for in Federal and State Aid, you will need to complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Each student’s circumstance is unique, so you can’t assume that your friends or acquaintances will have the [...]
