Below are some tips to keep in mind when completing your Free Application for Federal Student Aid, otherwise known as your FAFSA, the first step to securing federal Stafford loans.
Snail Mail vs. E-Mail
Filing electronically is much quicker. Paper copies of the form take 4-6 weeks to get processed while electronic forms only take 7-10 days.The electronic form also helps ensure that the information is filled out correctly, since it must be completed before you can advance to the next page.To file electronically visit www.fafsa.ed.govYou can obtain a paper copy of the FAFSA from your high school's guidance office or the college or university you plan on attending.Start at the Beginning
Make sure you read the directions carefully and fill in all the required information. When filling out a section of the form that applies to you, do not leave anything blank! Instead, you should fill out the word "none" or N/A.Make sure to complete only sections that are applicable. For example: Do not complete the Parent section if you are an independent student.Make sure to complete your FAFSA as soon as possible after January 1st 2007 if you plan to enter school in the Fall of 2007.Deadlines, Deadlines and more Deadlines!
Freshmen often have earlier deadlines than returning students. Deadlines are the dates forms should be received. Make sure to allow enough travel time (especially via mail) for the form to reach its destination before the actual due date. Make sure to check School AND State specific deadlines. They are usually earlier than deadlines for Federal Aid.Don't wait until your taxes are filed to complete your FAFSA! You can fill in your estimated income and then simply complete your taxes as soon as possible thereafter.More Info Please
Some schools require additional forms to be filled out along with the FAFSA. Check with the school you are attending to be sure that you completed all of the necessary forms!Make sure to respond promptly to any verification requests. Delays could jeopardize your financial aid award.Be a Copycat
It is extremely important to make or print copies of EVERYTHING before you send it! Keep a folder of all your financial aid information including forms, tax returns, W-2's, etc. Having a folder will also make the verification process more efficient since all the necessary information is in one place!
