By Kendell Shaffer
When I set out to fill out my daughter’s FAFSA report last year, I gave myself the entire day. In reality, it takes about three to five hours, but I know if I have other things scheduled, I’ll never finish.
They design the FAFSA report for students to fill out, but since household financial information is usually handled by the parents, it’s best if the parents are hands on, or fill even out the forms for their students.
The FAFSA reports opens on October 1. I always like to apply for financial aid as early as possible. Getting the FAFSA report out of the way leaves your student and family more time to focus on applications.
It’s very important when filling out the FAFSA report, that you use the correct report from www.fafsa.ed.gov. This report is free to submit. There are some misleading sites that charge the student to submit the FAFSA report, those are incorrect and please don’t get caught up in paying for a form that‘s intended to be free.
Gather the documents you and your student will need prior to filling out the report. There is nothing more frustrating than being in the middle of a long form, having to get up and hunt for your files for a related document. These documents are needed:
- Federal Student Aid ID
- Student’s Social Security Number
- Student’s Driver’s License Number
- Student’s Alien Registration Number, if not a US Citizen
- Federal School Codes
- Bank Statements (checking and savings for both students and parents)
- Untaxed Income Records
- Asset Records (including mortgage info and date of house purchase)
- Federal Tax Returns (for both students and parents)
You might find that some private colleges will ask the student to fill out the College Scholarship Service (CSS) Profile. The same documents are needed, so keep these documents nearby. Also, schools may need further information later on down the line, so it’s best to keep these docs handy. It’s no fun to dig back into your files with short notice for another item.
The same documents are needed, so keep these documents nearby. Also, schools may need further information later on down the line, so it’s best to keep these docs handy. It’s no fun to dig back into your files with short notice for another item.
And don’t be afraid to ask for help! There are folks standing by to answer questions. FAFSA has a great support line. Most college financial aid offices will help. Or talk to friends who are also filling out these forms, especially friends who have a student who applied to college a year ago. They are now experts and you will be too next year. I have also heard about FAFSA parties where several parents spend the day together filling out the FAFSA forms. That way if questions come up, others in the room can help.
For me the form was easy to fill out but the reality of my daughter going to college was. The FAFSA report was the first step we took as a family to start the college application process which kicked off a very exciting time in our household.