Changes To The FAFSA For The School Year 2017–18.
There are few changes for the new Free Application for Federal Student Aid that everyone should be aware of. In this publication we will go over these changes as well as give you some insight on some of the most common questions we are asked when completing the FAFSA form.
Using 2015 income tax information could cause some problems for a few families. For example, the family could have a higher income in 2015 tax year then they have in 2016. If this is the case for you, you must complete the FAFSA with the info it asks for (2015). Then, after filing your FAFSA, contact the financial aid office at your school to explain your situation. The school has the ability to assess your situation and make adjustments to your FAFSA.
According to the Federal FAFSA processing center:
· Completing the FAFSA could be easier. The FAFSA will ask for older income and tax information that you will already have. This change means you won’t have to use estimates anymore, or log in later to update your FAFSA after you file taxes!
- Because you’ll already have done your 2015 taxes by the time you
fill out your 2017–18 FAFSA, you may be able to use the
to automatically import your tax information into your FAFSA.
- Having the FAFSA available three months earlier will give you more time to meet most deadlines (although some will be early, so fill out the FAFSA right away just in case) and to explore and understand your financial aid options.