Your 2016 tax information will be available in your myVSAC account by February 1st!
The FAFSA Application
If you’re applying for federal financial aid, you’ll need to start with the Free Application for Federal Student Aid (FAFSA).
The FAFSA application is the #1 most important application for getting financial aid for college or career training programs—and it’s the only way to access federal student grants and loans. So it’s important to get the application right. And it’s easy too. The average family takes less than 30 minutes to file their FAFSA!
7 STEPS TO SUBMITTING YOUR FAFSA APPLICATION
Follow these 7 steps to help make sure you’re submitting your online FAFSA application correctly:
- Create a Federal Student Aid (FSA) ID (username and password). You’ll need this to log into the FAFSA website—and any other FSA borrower websites. If you’re financially dependent on your parents, a parent will need to create his or own, separate FSA ID.
To create your FSA ID, go to fafsa.ed.gov, click on the “FSA ID” tab at the top of the page, and follow all instructions carefully. If you need help, check out the resources at FinancialAidToolkit.ed.gov >
- Gather your information. Being prepared will make the FAFSA application process easier—and faster. Here’s what you’ll need to have on hand for yourself, your spouse (if you’re married) and/or your parents (if you’re a dependent student):
- Social Security number
- Alien registration number (if you’re not a U.S. citizen)
- 2015 federal tax returns (including W2s)
- Records of untaxed income (like child support)
- Bank records (cash, savings, checking account balances)
- Investment information (such as stocks/bonds not in a qualified retirement plan, or investment property)
- Your colleges: You must list at least 1 college to receive your information. You may update your choices later to receive aid at a different school.
*NEW* Students now report earlier income information. For the 2017–18 FAFSA, students (and parents, as appropriate) are required to report their 2015 income information.
- Start a new FAFSA application. With your FSA ID in hand, go to fafsa.ed.gov and click on “Start a New FAFSA.” Follow the instructions to fill out your application. You’ll also see “Help and Hints” on the site throughout the application process. Refer to these whenever you have a question.
- Submit your FAFSA application as early as possible. Most colleges and scholarships have application deadlines that you can find on their websites or in their printed materials. Though there are deadlines you need to be mindful of, you do not want to wait to apply. Some aid is awarded on a first come, first served basis. Don’t miss out!
For the 2016-2017 school year: Apply January 1, 2016 through June 30,2017
For the 2017-2018 school year: Apply October 1, 2016 through June 30,2018
Important: Select the correct school year when applying and be sure to sign with your FSA ID so your FAFSA will be processed as quickly as possible (If you are dependent, your parent(s) will need to sign with their FSA ID as well)
- Look for a confirmation page. After you sign and submit your FAFSA, you should see a confirmation page. If you don’t see this confirmation, double check that you’ve clicked the submit button. If you provided an email address, you will receive a copy of the confirmation page by email. Be sure to keep your confirmation number with your other important financial aid information. You’ll also see a link on the confirmation page that will bring you to VSAC’s website to complete the Vermont Grant application. Follow this link for application instructions.
- Review your Student Aid Report (SAR). Depending on how you submit your FAFSA application, you will receive your SAR by email or mail within 1 day to 3 weeks. Be sure to review your SAR carefully to verify all the information is accurate.
- Make any needed corrections to your FAFSA application. If you find incorrect information on your SAR, go to fafsa.ed.gov, log in as a returning user, and click on “Make FAFSA Corrections.” Follow the instructions for correcting and resubmitting your FAFSA application.
Questions about the FAFSA? We’re here to help. Call VSAC at 1-800-882-4166 or email us at firstname.lastname@example.org.
You can also learn more about the FAFSA by visiting fafsa.ed.gov or by calling 1-800-4-FED-AID (1-800-433-3243).