Step 2: Gather Materials Social Security Number Driver’s License Most recent Federal Income Tax Return Your parent’s most recent Federal Income Tax Return Previous year’s tax information may be used and adjusted later, if needed Your Current Bank Statements
Step 4: File FAFSA Online www.fafsa.ed.gov File electronically – the sooner, the better (February…more opportunity for $$$$) The online process will take about an hour if you fill out the worksheet first.
Your SAR (Student Aid Report) After you complete your FAFSA you will receive your SAR. Check it carefully and make any corrections that may be needed. Results will provide the “Expected Family Contribution” which will be used to calculate “Financial Need.”
Your Financial Aid Colleges you have listed and that you have been admitted to will send you an award letter including the types and amounts of financial aid. Review and compare your award letters. Contact the financial aid office if you do not understand what they are offering you.
FAFSA Reminders: Fill out the FAFSA application each year. Fill out the application ASAP – the sooner the better. Fill out the application even if you think your family won’t qualify.