FAFSA stands for Free Application for Federal Student Aid. If you are planning to request financial aid, you are required to fill out the FAFSA. There are a few steps you should complete before starting the FAFSA application process, which will make the whole process go smoother.
- You need to get a FSA ID for both student and parent(s). You can do that by clicking HERE!
- You need to complete your Residency Form (RDS). You can do that by clicking HERE!
- You can create your FAFSA account by clicking here HERE!
- You will need their social security card. (If they are not a U.S. citizen, they will also need their Alien Registration Number).
- You will need their drivers license number. (If they don’t have a drivers license then they don’t need to worry about this).
- You will need their/your tax records. They will use income records for 2 tax years prior to the academic year for which they are applying. They may be able to automatically import tax information into the FAFSA using the IRS Data Retrieval Tool.
- You will need their/your records for untaxed income. This includes a number of variables that may or may not apply to them (child support received, interest income, veteran’s non-education benefits…)
- You will need the records for all their/your assets (money). This includes savings and checking account balances, as well as investments like stocks and bonds and real estate.
- List of the school(s) they are interested in attending — The schools they list on their FAFSA will automatically receive their FAFSA results electronically. They will use this FAFSA information to determine the types and amounts of financial aid the student may receive. Students can list up to 10 schools on their FAFSA. If they’re applying to more than 10 schools, they can add more later.