2017 FAFSA Changes: What’s New and What You Need to Know

Posted by IPFW Admissions Team on 1/5/17 8:30 AM

Ah, the FAFSA—that time-honored tradition of getting a crash course in your parents’ tax

information from two years ago. (But hey, it helps you keep college affordable, so it’s worth

poring over the details of IRS deductions and withholdings.) 

We’ve written a lot about the Free Application for Federal Student Aid (FAFSA), including filing tips for parents, six things you’ll need to finish the FAFSA, and a first-timer’s guide to filling it out.

However, in 2017, the Department of Education is making a few changes to how the FAFSA works that are important to note, especially for first-time filers.

You can now submit earlier 

In the past, you had to wait until January 1 to file your FAFSA, but that’s no longer the case. If you’re filing for the 2017–18 school year, you can file now—submissions opened on October 1.

The new, earlier submission date is permanent, so you’ll be able to file your FAFSA beginning October 1 from here on out.

You will now be asked for income information from earlier years 

If you filed your FAFSA for the 2016–17 school year, you would have been asked for income information from 2015 only. That’s changed, however. The new FAFSA will ask for income information for two previous years.

So, if you’re filing for 2017–18, you’ll need to provide income and tax information for 2016 and 2015.

The FAFSA website has a great chart to help breakdown this information. They also provide a fact sheet for parents and students about the 2017–18 changes.

If you’re filling out the FAFSA for the first time, be sure to download our FAFSA Checklist so you can be better prepared for what to expect.

Get the guide: FAFSA Checklist

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Topics: Financial Aid, FAFSA Help

FAFSA Filing Tips for Parents

Posted by IPFW Admissions Team on 1/19/16 12:40 PM

Let’s get this out of the way: it’s 100% okay to help your son or daughter fill out the FAFSA. In fact, your student will likely need some key financial and background information on your family to successfully complete it.

The FAFSA can seem daunting, especially if it’s your first time completing it, but it’s actually a lot more straight forward than most people think. Knowing what to expect ahead of time can help you and your student complete the FAFSA in just about an hour, with greater accuracy, and a whole lot less stress.

 

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Topics: Financial Aid, FAFSA Help

What the New FAFSA Changes Mean for Applicants

Posted by IPFW Admissions Team on 11/17/15 8:00 AM

Did you know that the current Free Application for Federal Student Aid (FAFSA) form has more than 100 questions for college students to answer? If it sounds like a lot, it is. But all that could change because of a “simplified FAFSA” proposed in President Barack Obama’s 2016 Department of Education budget.

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Topics: Financial Aid, FAFSA Help

Six Things You’ll Need to Complete Your FAFSA

Posted by IPFW Admissions Team on 3/25/15 9:00 AM

Let’s be honest here: filling out the FAFSA and your financial aid paperwork easily could be the most confusing part of the college application process (and it’s generally the #1 complaint from students and their parents when applying).

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Topics: Financial Aid, FAFSA Help

A First-Timers Guide to Filing Your Own FAFSA

Posted by IPFW Admissions Team on 3/11/15 9:00 AM

Filling out the FAFSA and other financial aid paperwork can be the most confusing part of the college application process. That’s why there is so much information out there to help you.

But that’s just it—there is A LOT of information out there. So we have compiled a list of helpful, easy-to-scan tips for all you first-timers who have been (needlessly) dreading tackling the FAFSA. By following these easy steps, you should be able to breeze through the FAFSA in no time!

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Topics: Financial Aid, FAFSA Help

Are You Making These Common FAFSA Mistakes?

Posted by IPFW Admissions Team on 3/4/15 9:00 AM

Money is often what makes or breaks an opportunity to go to college. Some of you may have a steady income or parents footing the bill, but a majority of American college students seek the help of supplemental funds to pay for school. And for anyone applying for financial aid, that means filling out the FAFSA.

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Topics: Financial Aid, FAFSA Help


 

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