Great Advice for Parents 2022

MY PARENTS HAVEN’T FILED THEIR TAXES. WHAT INFORMATION SHOULD I USE? Don’t wait for them to file taxes before you submit the FAFSA. Filers must report prior-prior-year taxes. For example, on the 2023-24 FAFSA form, you need to report 2021 tax information. You can import tax information into the FAFSA form by using the IRS data retrieval tool. When you sign in to your application, you’ll see a “Link to IRS” button if you’re eligible to use the tool. If you aren’t eligible, you’ll need to have that tax information on hand. 13

I’M NOT SURE WHERE I WANT TO GO TO COLLEGE. WHERE SHOULD I SEND THE FAFSA RESULTS TO?

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Uncertainty about where you plan to apply shouldn’t stop you from submitting the FAFSA. If you submit the form online, you can include FAFSA codes for up to 10 schools where you plan to apply. If you file a paper form, you can include up to four schools. If you need to add more schools, you can always update your FAFSA at fafsa.gov. Search for school codes on your online application. Paper filers can look up the codes on the Federal Student Aid website. AFTER SUBMITTING YOUR APPLICATION WHEN WILL I RECEIVE MY FAFSA RESULTS? Your results, known as your Student Aid Report, will arrive by email or mail between three days and three weeks after you submit the form, depending on your application method. The report provides basic information about financial aid eligibility, including your answers to questions on the FAFSA. It also specifies your expected family contribution, which is the amount your family must pay toward your education. Colleges use your EFC to determine your financial aid package. Once you get your Student Aid Report, make sure all the information is accurate. If you find inaccuracies, update your FAFSA. 15

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