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FAFSA - Financial Aid

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FAFSA - Financial Aid

FAFSA (Free Application for Federal Student Aid) is a college students application for federal, state, and college-based financial aid  The colleges listed on your FAFSA form will use that information to award financial aid.

When to Apply:  Apply on or after October 1 of your senior year of high school but before your college's priority date to get the best financial aid package.

How to complete FAFSA:

1.  Both the student and one parent will need to create teh FSA ID.  The FSA ID is a username and password to access the FAFSA form and federal student loan sites.  To create your FSA ID, go to: www.fsaid.ed.gov .  Keep track of this ID as you will use it each year you fill out the FAFSA.

2.  Gather the following information for student and parents.                                                                                                             Student and Parents Federal Income Tax Forms and if applicable, Schedule K (Form 1965)                                                       Student and Parents W-2 Forms                                                                                                                                                     Student's drivers license number                                                                                                                                                     Social Security Numbers and Birth Dates                                                                                                                                   Dates Parents were married, separated, divorces, or widowed                                                                                                     Current cash/savings/checking account balances                                                                                                                           Current investment values (stocks, savings bonds, mutual funds, CDs) excluding home and retirement plans                             Current business value (if more than 100 employees)                                                                                                                     Value of investment farm (Do not include the value of a family farm that you or your parents live on and operate                         Child support (paid and/or received)                                                                                                                                               Workers compensation                                                                                                                                                                   Other untaxed income such as housing/food/living allowances for military and clergy                                                                Alien Registration number/USCIS number for eligible non-citizens

3.  Complete and file the FAFSA at: www.fafsa.ed.gov.  The colleges you list will receive the results.                                                                                                                                                                   

Free online FAFSA tools are also available if you need help filling out the FAFSA .  Go to the EducationQuest  website (www.educationquest.org/resources/fafsa-tools/)  and information provided includes: FAFSA Checklist, FAFSA tutorial, Financial Aid information videos and College Funding Estimator.  You may also call EducationQuest to answer any questions or set up an appointment to have them assist you. (Omaha Office 1-888-357-6300 or Lincoln Office 1-800-303-3745)

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