Filling out your FAFSA forms is not hard but there are a lot of things that are very easy to miss.You don’t want to miss out on your student loans because you did not pay attention to an obscure detail.In this post, I’ll go over five things you need to pay attention to when filing your FAFSA.Plus, make sure you don’t miss the FAFSA filing deadlines for your state.
Your FSA ID allows you to identify yourself electronically when you access government websites that are dedicated to helping you complete your student loan applications.While an FSA ID is not required to complete a FAFSA on the Web application, it becomes necessary when you have to provide an electronic signature that is required to process your application.In fact, according to the FAFSA website, it is the fastest way to sign your signature online.Go here to create your FSA ID.
Your FSA ID is yours and yours alone.You cannot have a third party create it for you.As I mentioned above, an FSA ID is your unique electronic signature for your FAFSA forms. It also gives you access to all of the government websites that handle student loans. The moment your FSA ID is used to access or sign something, it becomes a legal document on file.If something ever does come up, you don’t want to be scrambling for answers. Thus, when you create your FSA ID, store that information in a safe place and don’t give it to anybody else.
When you file your FAFSA online, do you know which forms to fill out?It can get confusing very quickly.Thankfully, you’re reading this post so it is not as complicated as you think. File the form that aligns with the academic year you will need the money for.You can review the FAFSA deadlines here.For instance:
So what exactly do you need to complete your FAFSA forms?Have the following handy before you start filling your forms:If you are a dependent student, you will have to get this information from your parents. If you determine that you are a dependent student, you will need to seek out your parents’ help with the information above.If you find yourself in a situation where your parent has to file your FAFSA on your behalf in order to provide this information, they can do so without an FSA ID.They will have to follow the steps below:
What happens if you make a mistake on your FAFSA form? Is it the end?Of course not.We want to avoid making any mistakes the first time. However, if you do make a mistake, fixing it will not be a problem. You will simply have to log into your FAFSA account online and click on Make FAFSA Corrections to remove any errors.
These five tips will help you conquer those almighty FAFSA forms.If you have filed the FAFSA in the past, are there any other must-know tips we didn’t cover in this post? Let us know in the comments below.