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The FAFSA is a form that can be prepared annually by current and prospective college students (both undergraduate and graduate) in the United States to determine their eligibility for student financial aid (including the Pell grant, and work-study programs). 

The U.S. Department of Education begins accepting the application beginningOct. 1 of each year for the upcoming academic year. Each application period is 18-months, however some federal, state, and institutional aid is provided on a first come, first served basis. Students are advised to submit a FAFSA as early as possible for consideration for maximum financial assistance.

The FAFSA consists of numerous questions regarding a student's (and their family's) assets, income, and dependency. These are entered into a formula that determines the Expected Family Contribution (EFC). A number of factors are used in determining the EFC including the household size, income, number of students from the household in college, and assets (not including retirement and 401(k) funds). This information is required because of the expectation that parents will contribute to their child's education, whether that is true or not.

 

>>> Schedule Your One-on-One Appointment Today

We offer you two ways to complete your FAFSA:

(1) You can call on the phone from the convenience of your home or (2) in person

 

  

Documents Needed

You will need records of income earned in the year prior to when you complete teh applicationl. You may also need records of your parents´ income information if you are a dependent student

For the 2016-2017 school year you will need financial information from 2015.

You will need to refer to:

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Your Social Security Number. Be sure it is correct!

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Your driver's license (if any)

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Your W-2 Forms (if received) and other records of money earned

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Your (and your spouse´s, if you are married) 2014 Federal Income Tax Return.

  • IRS 1040, 1040A, 1040 EZ
  • Foreign Tax Return, or
  • Tax Return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federal States of Micronesia, or Palau

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Your Parents´ Federal Income Tax Return (if you are a dependent student)

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Your untaxed income records

  • Veterans noneducation benefit records
  • Child support received
  • Worker's compensation

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Your current bank statements

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Your current business and investment mortgage information, business and farm records, stock, bond and other investment records

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Your alien registration or permanent resident card (if you are not a U.S. citizen)

Keep these records! You may need them again. 1 out of every 3 students gets selected for a process called verification where the school must verify the information on the FAFSA.

 

 

 


 

Contact Financial Aid Preparation Services for more information 

and reasonable rates

 

 Phone: 401.439-5931

 

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