Last updated on March 12, 2024 by College Financial Aid Advice.
Am I eligible for a Pell Grant?
Do I need my parents financial information to file my FAFSA?
My parents are divorced. Do I need both their financial information for the FAFSA?
Should I complete CSS Profile or FAFSA first?
I don’t have my tax information yet to file, should I wait to file my FAFSA?
How can I update my FAFSA with my final tax return information?
How will I know if any information is missing on my FAFSA?
What does the Asterisk * Mean on my FAFSA SAI?
FAFSA is Free Application for Federal Student Aid, the college financial aid application form that is used to apply for US federal grants, such as Pell Grants, and loans, such as Stafford loans. The application is also used for most state financial aid for college, and many scholarships.
CSS Profile is an additional college financial aid application used by many private colleges and universities to award scholarships and grants. If your school requires the CSS Profile, you must complete both the CSS Profile and FAFSA.
Am I eligible for a Pell Grant?
Most families with income of $40,000 per year or less and a low SAI will qualify for Pell Grant, but it depends on many factors. Your eligibility for a Pell Grant is determined based on the answers to the questions in your FAFSA.
Do I need my parents financial information to file my FAFSA?
If you are a dependent student (most unmarried students under age 24), then you will need your parents financial information to file your FAFSA. If they refuse, your federal financial aid may be limited to only unsubsidized federal student loans. For a complete list of the requirements for dependent or independent students, see Federal Student Financial Aid .
My parents are divorced. Do I need both their financial information for the FAFSA?
If your parents are divorced and you are a dependent student, then you will need the financial information from the parent you who provided the majority of your support, and their new spouse (your step-parent) if they remarried. If you don't currently live with either parent, then the parent who you did provide the majority of your support before you were out on your own. If you lived with both equally, then the one who contributed more to you financially during those 12 months. This may not be the same parent who claimed you as a dependent on their tax return. The rules for the CSS Profile are different, and unlike the FAFSA may require both parents financial information if they are divorced.
Should I complete the CSS Profile or FAFSA first?
If you need to submit both, it may be more efficient to submit the CSS Profile first. All FAFSA information is mostly a subset of the CSS Profile, and the CSS Profile gives you an option to transfer the information to your FAFSA.
I don’t have my tax information yet to file, should I wait to file my FAFSA?
Your FAFSA tax information will be from 2 years before, for example the 2024-25 FAFSA application will use your 2022 taxes. If you did not file, the form will verify that with the IRS.
How will I know if any information is missing on my FAFSA?
You will receive a FAFSA Submission Summary , (which replaced the Student Aid Report (SAR) in 1-4 weeks after submitting your FAFSA. The FAFSA Submission of Summary summarizes the data you submitted in your FAFSA, and alerts you if any data is missing. Submit the corrections or required information ASAP to avoid any delays.
What does the Asterisk * Mean on my FAFSA SAI?
The SAI on your FAFSA Submission Summary will have an * if your application was selected for verification. You will be asked to provide additional documentation to verify some of the information on your application.
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