The 2017–18 FAFSA® is now available! This year, the FAFSA launched 3 months earlier than usual—on October 1, 2016.
Beginning this year, you’ll also be required to use earlier (2015) tax information than in previous years. How does that benefit you? Since you’ve already filed your 2015 taxes, you’ll be able to transfer your tax information into your FAFSA right away! (And you won’t need to update your FAFSA after you file 2016 taxes.)
These exciting changes are sure to save you time and make the FAFSA much easier to complete. Just make sure to take your time so you don’t make one of these mistakes:
1. Not Completing the FAFSA
I hear all kinds of reasons: “The FAFSA is too hard,” “It takes too long to complete,” I never qualify anyway, so why does it matter?” It does matter. The FAFSA is not just the application for federal grants such as the Pell Grant. It’s also the application for work-study funds, low-interest federal student loans, and even scholarships and grants offered by your state, school, or private organization. If you don’t complete the FAFSA, you could lose out on thousands of dollars to help you pay for college. The FAFSA takes little time to complete, and there is help provided throughout the application. Oh, and contrary to popular belief, there is no income cut-off when it comes to federal student aid.
Need to fill out the FAFSA® but don’t know where to start? I’m here to help. Let’s walk through the process step by step:
1. Create an Account (FSA ID)
Student: An FSA ID is a username and password you need to log in to and sign the FAFSA online. If you don’t have an FSA ID, get one here ASAP. It takes about 10 minutes to create an FSA ID. If this will be your first time filling out the FAFSA, you’ll be able to use your FSA ID right away to sign and submit your FAFSA online. If this is not your first time filling out the FAFSA, you’ll need to wait 1–3 days before you can use your new FSA ID (there’s an account verification process).
IMPORTANT: Some of the most common FAFSA errors occur when the student and parent mix up their FSA IDs. If you don’t want your financial aid to be delayed, it’s extremely important that each parent and each student create his/her own FSA ID and that they do not share it with ANYONE, even each other.
If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA®). The 2017–18 FAFSA is available now! The FAFSA launched on October 1, 2016—three months earlier than usual—at 12 a.m. Central time. You should fill it out as soon as possible on the official government site, fafsa.gov.
To speed up the FAFSA process, get prepared early. Here is what you’ll need to fill out the FAFSA:
If you’re a dependent student, you will need certain information for your parents as well; we’ve indicated each of those items with an asterisk (*) below.
1. Your FSA ID*
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites, including fafsa.gov.
Anyone who plans to fill out the 2017–18 FAFSA should create an FSA ID as soon as possible.
If you are required to provide parent information on your FAFSA, your parent should create an FSA ID too.
Because your FSA ID is equivalent to your signature, parents and students each need to create their own FSA IDs using separate email addresses. Parents should not create an FSA ID for their child and vice versa.
In some situations, you may need to wait up to three days to use your FSA ID after creating it. If you want to avoid FAFSA delays, create your FSA ID now.
Mistake #1: Letting your contact information become out-of-date
Moving away from campus?
Changing your cell phone number or e-mail address?
Make sure you let your loan servicer know. Their services are provided free of charge, but they can only help you if they can reach you.
Mistake #2: Paying for student loan help
You may have seen an ad on Facebook, or gotten phone calls or letters from companies offering to help you lower your payment or apply for loan forgiveness for a fee. If someone asks you to pay for these services, you are not dealing with the U.S. Department of Education or our loan servicers.
We don’t charge application or maintenance fees. If you’re asked to pay, walk away (or hang up).
Almost time to start paying back your student loans? Contrary to popular belief, your student loan payments don’t have to stop you from living your life. You just have to weigh your options and find a strategy that works within your budget. Here are some steps to get you started.
1. Compare monthly payment amounts
The amount you pay each month toward your student loans will depend on the repayment plan you choose. If you take no action, you will be automatically enrolled in the 10-year Standard Repayment Plan. If you don’t think you can afford that amount or you want a lower monthly payment, consider switching to an income-driven repayment plan, where your monthly payment could be as low as $0 per month. Just know that when you make payments based on your income your monthly payment amount may be lower, but you will likely pay more in total over a longer period of time.
Nothing says, “Welcome to adulthood” quite like getting your first student loan bill in the mail. If student loans are your reality, here are some tips that may help you (from someone who is going through this too).
I think everyone can agree that student loans are no fun to pay back, but ignoring them can have serious consequences (and it won’t make them go away.) If you’re worried about your student loans or don’t think you can afford your payments, contact us for help. No matter what your financial situation is, we can help you find an affordable repayment option. For many, that could mean payments as low as $0 per month.
Life after graduation gets real, real fast. To make a plan to tackle your student loans, you need to understand what money you have coming in, and what expenses you have going out. If you haven’t already, it’s important that you create a budget. This will help determine your repayment strategy. Here are some budgeting tips to help you get started.
There is no one-size-fits-all approach to paying back student loans. The key question you need to answer is: Do you want to get rid of your loans quickly or do you want to pay the lowest amount possible per month?
The 2016–17 FAFSA® is now available! The online FAFSA has gotten a lot easier over the last few years. Thanks to improvements like skip logic, where you only see questions that are applicable to you; and the IRS Data Retrieval Tool, which allows you to import your tax information from the IRS directly into the FAFSA application, the FAFSA takes less than 30 minutes to complete. Just make sure to take your time so you don’t make one of these mistakes:
1. Not Completing the FAFSA®
I hear all kinds of reasons: “The FAFSA is too hard,” “It takes too long to complete,” I never qualify anyway, so why does it matter?” It does matter. By not completing the FAFSA, you are missing the opportunity to qualify for what could be thousands of dollars to help you pay for college. The FAFSA takes little time to complete, and there is help provided throughout the application. Oh, and contrary to popular belief, there is no income cut-off when it comes to federal student aid.
2. Not Using the Correct Website
The official FAFSA website is fafsa.gov. That’s .gov! You never have to pay to complete the FAFSA. If you’re asked for credit card information, you’re not on the official government site.
3. Not Getting an FSA ID Ahead of Time
We’ve made a big change to the FAFSA process this year in order to increase security. Students and parents can no longer use a Federal Student Aid PIN to log in and sign the FAFSA online. You must, instead, use the new FSA ID—a username and password. Once you register for an FSA ID, you may need to wait up to three days before you can use it to sign your FAFSA. If you don’t want your FAFSA to be delayed, register for an FSA ID now. If you’re a dependent student, your parent will need to create an FSA ID too.
4. Waiting to Fill Out The FAFSA Until After You File Taxes
Because some financial aid is awarded on a first-come, first-served basis, it’s important to fill out the FAFSA early. However, the 2016–17 FAFSA is available beginning January 1, 2016, well before most people have their 2015 taxes filed. This, however, shouldn’t stop you from getting the FAFSA submitted. If your income from 2014 is similar to your income from 2015, you can use your 2014 taxes to estimate the financial information on the FAFSA and get it submitted now. You can then update the FAFSA after you file 2015 taxes, preferably using the IRS Data Retrieval Tool.
5. Not Filing by the Deadline
States, schools, and the federal government each have their own FAFSA deadlines. To maximize the amount of your financial aid, you should fill out your FAFSA (and any other financial aid applications that may be required by your state or school), by the earliest of these three deadlines, if not sooner!
6. Not Reading Definitions Carefully
When it comes to completing the FAFSA, you want to read each definition and question carefully. Too many students see delays in their financial aid for simple mistakes that could have been easily avoided.
Don’t rush through these questions:
Your Number of Family Members (Household size): The FAFSA has a specific definition of how your or your parents’ household size should be determined. Read the instructions carefully. Many students incorrectly report this number.
Legal Guardianship: One question on the FAFSA asks: “As determined by a court in your state of legal residence, are you or were you in legal guardianship?” Many students incorrectly answer “yes” here. For this question, the definition of legal guardianship does not include your parents, even if they were appointed by a court to be your guardian. You are also not considered a legal guardian of yourself.
7. Inputting Incorrect Information
Here are some examples of common errors we see on the FAFSA:
Confusing Parent and Student Information: I know there are many parents out there who fill out the FAFSA for their child, but remember, the FAFSA is the student’s application. When the FAFSA says “you” or “your”, it’s referring to the student, so make sure to enter the student’s information. If we are asking for parent information, we will specify that in the question.
Entering the Wrong Name (Yes, I’m serious): You wouldn’t believe how many people have issues with their FAFSA because they entered an incorrect name on the application. It doesn’t matter if you’re Madonna, or Drake, or whatever Snoop Lion is calling himself these days. You must enter your full name as it appears on official government documents. No nicknames.
Entering the Wrong Social Security Number (SSN): When we process FAFSAs, we cross check your social security number with the Social Security Administration. To avoid delays in processing your application, triple check that you have entered the correct SSN. If you meet our basic eligibility criteria, but you or your parents don’t have a SSN, follow these instructions.
Amount of Your Income Tax: Income tax is not the same as income. It is the amount of tax that you (and if married, your spouse) paid on your income earned from work. Your income tax amount should not be the same as your adjusted gross income (AGI). Where you find the amount of your income tax depends on which IRS form you filed.
Tip: If you use the IRS Data Retrieval Tool, this number will be pulled for you, directly from your income tax return.
8. Not Reporting Parent Information
Even if you fully support yourself, pay your own bills, and file your own taxes, you may still be considered a dependent student for federal student aid purposes, and therefore, you’ll need to provide parent information on your FAFSA. Dependency guidelines for the FAFSA are determined by Congress and are different from those of the IRS. Find out whether or not you need to provide parent information by answering these questions.
Bonus: Who is my parent when I fill out the FAFSA?
Click to enlarge
9. Listing only one college
Two-thirds of freshmen FAFSA applicants list only one college on their applications. Do not make this mistake! Colleges can’t see the other schools you’ve added, so you should add ANY college you are considering to your FAFSA, even if you aren’t sure whether you’ll apply or be accepted. It doesn’t hurt your application to add more schools. If you’re applying to more than 10 schools, follow these steps.
10. Not Using the IRS Data Retrieval Tool
For many, the most difficult part about filling out the FAFSA is entering in the financial information. But now, thanks to a partnership with the IRS, students and parents who are eligible can automatically transfer the necessary tax info into the FAFSA using the IRS Data Retrieval Tool. This year, the tool will launch on February 7, 2016. In most cases, your information will be available from the IRS two weeks after you file. It’s also one of the best ways to prevent errors on your FAFSA and avoid any processing delays.
Tip: If you used income estimates to file your FAFSA early, you can use the IRS Data Retrieval Tool to update your FAFSA shortly after after you file your 2015 taxes.
11. Not Signing the FAFSA
So many students answer every single question that is asked, but fail to actually sign the FAFSA with their FSA ID and submit it. This happens for many reasons, maybe they forgot their FSA ID, or their parent isn’t with them to sign with the parent FSA ID, so the FAFSA is left incomplete. Don’t let this happen to you. If you don’t have or don’t know your FSA ID, register for one. If you would like confirmation that your FAFSA has been submitted, you can check your status immediately after you submit your FAFSA online.
Nicole Callahan is a Digital Engagement Strategist at Federal Student Aid.
If you need financial aid to help you pay for college, you must complete the Free Application for Federal Student Aid (FAFSA®). The 2016–17 FAFSA is available on January 1, 2016, at 12 a.m. Central Time. You should fill it out (for FREE) on the official government site, fafsa.gov.
To speed up the FAFSA process, get prepared early. Here is what you’ll need to fill out the FAFSA:
1. Your FSA ID*
On May 15, 2015, we changed the way you log into the FAFSA. You now need an FSA ID, instead of a PIN, to log in and sign your FAFSA online.
Anyone who plans to fill out the 2016–17 FAFSA should create an FSA ID as soon as possible. In some situations, you may need to wait up to 3 days to use your FSA ID after registering. If you want to avoid FAFSA delays, register for an FSA ID now.
If you are required to provide parent information on your FAFSA, your parent will need to register for an FSA ID too. Because your FSA ID is equivalent to your signature, parents and students each need to create their own FSA IDs using separate e-mail addresses. Parents should not create an FSA ID for their child and vice versa.
2. Your Social Security number*
You can find the number on your social security card. If you don’t have access to it, and don’t know where it is, ask your parent or legal guardian or get a new or replacement social security card from the Social Security Administration. If you are not a U.S. citizen, but meet Federal Student Aid’s basic eligibility requirements, you’ll need your Alien Registration Number.
3. Your driver’s license number
If you don’t have a driver’s license, then don’t worry about this step.
4. Your tax records*
Use income records for the tax year prior to the academic year for which you are applying: so if you are filling out the 2016–17 FAFSA, you will need 2015 tax information. If you haven’t filed your taxes yet, don’t worry! You can still fill out the FAFSA now. Just estimate the amounts using your 2014 tax return and make sure to update your FAFSA once you file your 2015 taxes. After you file, you may be able to import your tax information electronically into the FAFSA using the IRS Data Retrieval Tool.
5. Records of your untaxed income*
This includes variables that may or may not apply to you, like child support received, interest income and veterans non-education benefits. Parents can find specific details here. Students can find details here.
6. Records of all your assets (money)*
This includes savings and checking account balances, as well as investments like stocks and bonds and real estate.
7. List of the school(s) you are interested in attending
Two-thirds of freshmen FAFSA applicants list only one college on their applications. Don’t make this mistake! Be sure to list any school you’re considering, even if you haven’t applied or been accepted yet. The schools you list on your FAFSA will automatically receive your FAFSA results electronically. They will use your FAFSA information to determine the types and amounts of financial aid you may receive. If you add a school to your FAFSA and decide not to apply, that’s OK. The school likely won’t award you aid until you’ve been accepted anyway. You can list up to 10 schools on your FAFSA. If you’re applying to more than 10 schools, you can add more later.
TIP: To be considered for state aid, several states require you to list schools in a particular order (for instance, you might need to list a state school first). Find out whether your state has a requirement for the order in which you list schools on your FAFSA.
*If you’re a dependent student, you will need this information for your parent(s) as well.
Nicole Callahan is a Digital Engagement Strategist at Federal Student Aid.
The U.S. Department of Education offers a number of affordable repayment options for borrowers who are struggling to pay back their student loans. The important thing to remember about all the options below is that it’s completely free to apply! Also, if you ever have questions or need FREE advice about your student loans, you can always contact your Department of Education loan servicer.
1. Switch Your Repayment Plan
You may be able to lower your monthly student loan payment by switching to a different repayment plan. Use this calculator to compare what your monthly payment amount could be if you switched your plan.
Your monthly payment will be a percentage of your income. Depending on the plan, that may be 10% or 15% of your discretionary income, or something else. What you ultimately pay depends on the plan you choose and when you borrowed, but in all cases, it should be something you can afford.
Your monthly payment amount will be lower than it would be under the 10-Year Standard Repayment Plan if you qualify to make payments based on your income. In fact, it could be as low as $0 per month!
Any remaining balance on your loans is forgiven if your federal student loans are not fully repaid at the end of the repayment period (20 or 25 years).
Income-driven repayment plans are a great option if you need lower monthly payments. However, like all benefits, there are also costs. All of these benefits will ultimately increase the amount of interest you pay over time. The income-driven repayment plans also have tax consequences for any forgiveness received.
If one of the income-driven repayment plans is not a good option for you, we offer other options. Your servicer can help you identify the best plan to fit your needs.
2. Consolidate your Student Loans
Loan consolidation can simplify your payments by combining multiple federal student loans into one loan. Consolidation can also lower your monthly payment.
Can lower your monthly payment by extending your repayment period (spreading your payment out over more years). The repayment term ranges from 10 to 30 years, depending on the amount of your consolidation loan, your other education loan debt, and the repayment plan you select.
Will allow you to qualify for additional repayment options. If you have FFEL or Direct PLUS Loans, consolidating your loans into a Direct Consolidation Loan will allow you to qualify for additional repayment plans, such as the Pay As You Earn or Income-Contingent Repayment Plans, that you wouldn’t have qualified for if you hadn’t consolidated.
Your variable interest rate loans will switch to a fixed interest rate. It’s important to note that consolidation will lock-in interest rates on variable-rate loans, but will not lower them further. This would be a benefit if, like now, interest rates are low.
The benefits listed could provide relief to some borrowers. However, it’s important that you also weigh the costs before consolidating. For example, because you’re restarting and possibly extending your repayment period, you’ll pay more interest over time. Additionally, you may lose borrower benefits, such as interest rate discounts and loan cancellation benefits, offered with the original loans.
Under certain circumstances, you can receive a deferment or forbearance that allows you to temporarily postpone or reduce your federal student loan payments.
Deferment and forbearance may be a good option for you if you are temporarily having a difficult time paying back your student loans. Deferment and forbearance are not good long-term solutions. If you think you’ll have trouble paying back your loans for more than a year or you’re uncertain, you should consider an income-driven repayment plan or consolidation.
You do not need to make student loan payments during a deferment or forbearance.
The federal government may pay the interest on your loan during a period of deferment. This depends on the type of loans you have.
Again, deferment and forbearance are not good long-term solutions for borrowers who are struggling to pay back their student loans. Some reasons why:
With a deferment, interest will continue to be charged on your unsubsidized loans (or on any PLUS loans).
With a forbearance, interest will continue to be charged on all loan types, including subsidized loans.
The interest you accrue during periods of deferment or forbearance may be capitalized (added to your principal balance), and the amount you pay in the future will be higher.
If you can, you should consider making interest payments on your loans during periods of deferment or forbearance
1) Not figuring out how much you’ll need to pay each month
As you’re trying to plan your life after graduation, it’s important that you know how much you’ll need to pay each month toward your student loans so you can budget your other expenses accordingly. To estimate what you’ll need to pay based on your income and loan debt, use the repayment estimator.
2) Choosing the wrong repayment plan
The repayment plan you choose is a major factor in determining how much your monthly student loan payment will be and how long it will take you to pay back your loans. The Department of Education offers several different repayment plans. To compare these plans based on your student loan debt and income, use the repayment estimator.
Make sure you’re enrolled in a plan that you can afford. If you’re struggling to make your monthly payment, consider switching to an income-driven repayment plan, such as our “Income-Based” or “Pay As You Earn” plans. If you have questions, need advice, or would like to switch your repayment plan, contact your loan servicer.
3) Not paying extra when you can
If you are paying interest on your federal student loan, that interest accrues each day. An easy way to save money on your student loans is to pay more than what’s required whenever you can. Here are some ideas:
Make interest payments while you’re still in school and/or during your grace period
Use your tax refund to make an additional loan payment
Tack a few extra dollars onto your payment each month
4) Missing payments
If you’re feeling overwhelmed or don’t think you’ll be able to afford your next student loan payment, don’t just stop paying. Instead, contact your loan servicer as soon as possible. Not making your student loan payments is a big deal. It can result in default, which negatively impacts your credit score, and may affect your ability to borrow for things like a car or a home. Your loan servicer can recommend options to reduce or postpone your payment and keep your loan in good standing.
5) Paying for student loan help
There are countless ads online from companies offering to help you manage your student loan debt…for a fee, of course. But, did you know that you can get help with your student loans for free? The U.S. Department of Education provides FREE student loan help through our servicers.
Your loan servicer is the company hired by the U.S. Department of Education to help you manage, understand, and pay back your loans. They are there to help guide you through the loan repayment process, answering any questions you have along the way.
Interested in student loan forgiveness? They have all the info you need.
Want to consolidate your student loans? They can help with that.
Their services are provided free of charge, but they can only help you if they can reach you. Graduating and moving away from campus? Changing your cell phone number or e-mail address? Make sure you let your loan servicer know.
Nicole Callahan is a digital engagement strategist at the U.S. Department of Education’s office of Federal Student Aid.
Congratulations, Class of 2015! Your hard work paid off. You did it! There’s a lot to think about as you begin the next chapter. Let me help you with the student loan part.
Here are four things you should do now, before you make that first student loan payment:
Find out what you owe
Start by tracking down all of your student loans. Just go to StudentAid.gov/login and log in to view your federal student loan balances, interest rate, loan servicer contact information, and more.
Note: Don’t forget to check your personal records to see if you have private student loans as well.
Enroll in a repayment plan that you can afford
If you take no action after you graduate, leave school, or drop below half-time enrollment, you will be automatically enrolled in the 10-Year Standard Repayment Plan. Find out what your monthly payment amount is going to be if you stick with this plan. If you don’t think you can afford that amount, consider switching to an income-driven repayment plan instead.
Income-driven repayment plans are designed to make your student loan debt more manageable by reducing your monthly payment amount to an affordable amount based on your income.
The easiest way to compare the different repayment plans based on your loan amount and income is to use our repayment calculator. Once you log in, the calculator pulls in information about your federal student loans, such as your loan balance and your interest rates, and allows you to estimate what your monthly payment would be under each of our different repayment plans. It also allows you to compare the total amount you will pay for your loan over time and can tell you the amount of loan forgiveness you’re expected to qualify for if you choose one of our income-driven repayment plans:
If you have federal student loans, you won’t pay the U.S. Department of Education directly. You will make payments to your loan servicer. Your loan servicer is a company that works on behalf of the U.S. Department of Education to process and manage student loan payments. To find out who your loan servicer is, log in to StudentAid.gov. You may have more than one loan servicer, so it is important that you look at each loan individually.
Automatic Debit: The easiest way to pay
If you want to make repaying your student loans as easy as possible, sign up for automatic debit through your loan servicer. If you choose this option, your loan payments will be automatically deducted from your bank account each month, ensuring that your payments are made on time. If that isn’t good enough, you may also qualify for a 0.25% interest rate reduction when you enroll in automatic debit. To enroll in automatic debit, go to your servicer’s website.
Know who to contact if you need help
If you ever have questions or need help with your student loans contact your loan servicer. Your loan servicer can help you choose a repayment plan, understand loan consolidation, apply for an income-driven repayment plan, and complete other tasks related to your federal student loan. It’s important to remember that you NEVER have to pay for help with your student loans. That’s what your loan servicer is there for. Their help is FREE.
It’s important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.
Nicole Callahan is a digital engagement strategist at the Department of Education’s office of Federal Student Aid.
Completing the Free Application for Federal Student Aid (FAFSA®) is the first step in accessing the more than $150 billion available in federal student aid. Since the 2015-16 FAFSA launched, the Digital Engagement Team at Federal Student Aid has responded to hundreds of FAFSA questions via Federal Student Aid’s social media accounts. (Yes, believe it or not, we do actually read what you tweet at us or write on our wall and do our best to respond to as much as we can!) In doing this, we’ve found that there are a few FAFSA questions that are asked a lot. We want to help clear up any confusion, so let’s go through them:
Why do I have to pay to complete the FAFSA?
You don’t! You never have to pay to complete the FAFSA. After all, the first “F” in FAFSA stands for FREE! There are companies that will charge you a fee to file your FAFSA, but you can always complete the FAFSA for free on the official government website: fafsa.gov. (Notice the .GOV!) If you need help with the application, we have resources available for free.
How can I complete the FAFSA if my parents or I haven’t filed my 2014 taxes yet?
When filling out the 2015-16 FAFSA, you’ll want to use financial information from the 2014 tax year. At this point in the year, many people haven’t received their Form W-2, let alone completed their 2014 taxes. But that shouldn’t stop you from completing the FAFSA! If you or your parents have not completed your taxes yet, you can estimate your income and other tax return information, and then correct your application after you have filed your taxes.
If your 2014 income is similar to your 2013 income, use your 2013 tax return to provide estimates for questions about your income. If your income is not similar, use the Income Estimator for assistance estimating your adjusted gross income, and answer the remaining questions about your income to the best of your ability.
Note: Once you complete your 2014 taxes, you’ll need to update your FAFSA. When you do so, you may be eligible to use the IRS Data Retrieval Tool to access the IRS tax return information needed to complete the FAFSA, and transfer the data directly into your FAFSA from the IRS website.
When is the FAFSA deadline?
States, schools, and the federal government each have their own FAFSA filing deadlines. It is important that you research all of these deadlines and complete the FAFSA by your earliest deadline. That being said, because some types of aid are awarded on a first-come, first-served basis, it is highly recommended that you fill out the FAFSA as soon as you can to ensure that you do not miss out on available aid.
Do I have to complete the FAFSA every year?
Yes, you need to fill out the FAFSA each school year because your eligibility for financial aid can differ from year to year for various reasons, including your family’s financial situation and the number of your family members enrolled in college. If you filled out a FAFSA last year and want to renew it, go to fafsa.gov, click “Login”, and be sure to select “FAFSA Renewal” once given the option. That way, many of the (nonfinancial) questions will be pre-filled for you. Just be sure to update any information that has changed since last year.
Which FAFSA should I complete?
When you log into www.fafsa.gov, you will be given two different options: “Start a 2014-15 FAFSA” and “Start a 2015-16 FAFSA.” Which should you choose?
If you’ll be attending college between July 1, 2014 and June 30, 2015, select “Start a 2014-15 FAFSA.”
If you’ll be attending college between July 1, 2015 and June 30, 2016, select “Start a 2015-16 FAFSA.”
Remember, you must complete the FAFSA each school year, so if you’ll be attending college during both periods of time, you should fill out both applications.
TIP: If you need to fill out both applications, complete the 2014-15 FAFSA first. That way, when you complete the 2015-16 FAFSA, a lot of your info will automatically roll over.
If you are applying for a summer session, or just don’t know which application to complete, check with the college you are planning to attend.
We hope that helps answer some of your questions. If you have additional questions about the FAFSA, you can send us your questions via Facebook and Twitter. For more information about completing the FAFSA, visit StudentAid.gov/fafsa.
Nicole Callahan is a Digital Engagement Strategist at Federal Student Aid.