Documents You Need Before You Start

FASFA is required to make a fair assessment of your need based on available income and support and will provide an immediate response to what amount of aid and alternative funding is available based on your individual profile. This information is all treated with the highest level of confidentially and check and balances are in place to assure fair and equal treatment for all that apply. So don't let pulling together the required information and submitting to FASFA be an obstacle because ultimately you have everything to gain and nothing to lose in attempting to get the financial aid.

A record of income earned in the year prior to when you will start school. A records of your parents´ income information if you are a dependent student. 


For the 2010-2011 school year you will need financial information from 2009

The student requiring aid will need the following:
 
-Your Social Security Number. Be sure it is correct!
-Your driver's license (if any)
-Your 2009 W-2 Forms and other records of money earnedYour (and your spouse´s, if you are married) 2009 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
-Your Parents´ 2009 Federal Income Tax Return (if you are a dependent student)
-Your 2009 untaxed income records

■Veterans noneducation benefit records
■Child support received
■Worker's compensation
-Your current bank statements
-Your current business and investment mortgage information, business and farm records, stock, bond and other investment records
-Your alien registration or permanent resident card (if you are not a U.S. citizen)


 





 

Money for College – FASFA could help

Speaking from my own personal experience as a parent whose son has just completed four years of college with the support of an Athletic Scholarship and FASFA federal and state assistance. I believe every parent with college bound kids should be aware of FASFA and if applicable take advantage of it. There will be situation where it may not cover 100% of your financial need, but even in those cases low cost educational loans are made available to those that qualify. FASFA is a resource to help you in your efforts to position your kid’s for the future. The beauty of FASFA is that it is an online program that provides educational insight to raising funds as well as providing financial assistance to those who qualify, for their kid’s postsecondary education. The FASFA application is set-up to be a joint effort between the agency, student and parents to determine eligibility for financial assistance from the program.

Free Application for Federal Student Aid

What is FASFA (Free Application for Federal Student Aid, an office of the U.S. Department of Education) A federally funded program with an objective of promoting and providing assistance to all eligible Americans to pursue postsecondary education. Another way of saying it is that every high school student and parent of a high school student in the United States should consider FASFA as a possible resource to assisting them in acquiring financial support for a college education. Since it is a federally funded program managed by the United State Department of Education it covers all 50 states and territories of the United States. FASFA is in partnership with postsecondary schools (colleges, trade schools etc.) and financial institutions (banks, credit unions etc.) to provide services that help students and families.

FASFA provides education

• FASFA provides education, assistance and insight to students and parents on the process of obtaining financial aid for postsecondary education and training. FASFA has a formal online application process that administers millions of applications a year. The applications result in FASFA disbursing billions of dollars in financial aid to students through schools.


• FASFA is a regulatory and enforcement agency that enforces financial aid rules and regulations while servicing millions of student loan accounts, and securing repayment from borrowers who have defaulted on their loans.

• FASFA utilizes state of the art technology to administer billions of dollars in financial aid. FASFA places a high value on the mission and its importance to our society as a whole

• The FAFSA is the federal application for financial aid, but it is also used to apply for aid from other sources, such as your state or school.

Who should complete a FASFA application?

Every high school student in the United States anticipating a need for financial assistance for postsecondary educational should complete a FASFA application.

What type financial aid does FASA make available?


They include federal grants, loans and work-study programs. These are set-up as separate programs each having processes, procedures and rules to follow in how they are awarded.

What are the deadlines for completing the application?

TIP: The deadlines for your state or schools may be different from the federal deadlines and you may be required to complete additional forms.


Additional information on Federal and State Financial Deadlines is available on the FASFA website via the following links:



 Federal Student Financial Aid Deadlines

 State Student Financial Aid Deadlines

Check with your high school guidance counselor or a financial aid administrator at your school about state and school sources of student aid.



Federal Student Financial Aid Deadlines

The 2009-2010 School Year (July 1st, 2009 - June 30th, 2010):

 FAFSA on the Web applications must be submitted by midnight Central Daylight time, June 30, 2010.

 Corrections on the Web forms must be submitted by midnight Central Daylight Time, September 21, 2010.

 Note: Your school must have your complete and correct information by your last day of enrollment in the 2009-2010 school year.

The 2010-2011 School Year (July 1st, 2010 - June 30th, 2011):

 FAFSA on the Web applications must be submitted by midnight Central Daylight time, June 30, 2011.

 Corrections on the Web forms must be submitted by midnight Central Daylight time, September 15, 2011.

 Note: Your school must have your complete and correct information by your last day of enrollment in the 2010-2011 school year.

Pay close attention to deadlines! Ask your school about their definition of an application deadline - whether it is the receipt date and time or the process date and time of the application.