STEP 2: Defi ne FAFSA and list the steps for getting federal fi nancial aid. UnIT 3: APPly STUDENT HANDOUT the free application for federal student aid The FAFSA is the form used by the federal government to calculate your Student Aid Index and determine your need. Filling out the FAFSA is the fi rst step to getting many diff erent types of fi nancial aid. Note that beginning in October 2016, students and parents can fi le the FAFSA using prior-prior year tax data. If you fi le in October - December, use your (and your parents') most recent tax return. If you fi le in January-March, use the tax return from the previous year. Confused about which tax return to use? Reference the FAFSA help page: https://studentaid.ed.gov/sa/fafsa/fi lling-out#fi nancial-info. FAFSA Action Plan: Part I When: As soon as possible. What: Apply! Action Steps Step 1: Register online for an FSA ID for yourself and your parents at www.fsaid.ed.gov.. Step 2: Fill out the FAFSA form online or on paper. Step 3: Submit your FAFSA, sign it electronically, and wait! FINANCIAL AWARENESS Your FAFSA Submission Summary (FSS) shows your expected federal aid and your Student Aid Index. It is sent to you and to all of the schools that you list on your FAFSA. How long will it take? What information will you need? About 15 minutes 1-4 hours A Social Security Number (SSN) and your personal information (name, mailing address, etc.) About 10 minutes * Your FSA ID * Your SSN or Permanent Resident # * Any W2s or 1099s you received * Your parent's or guardian's fi nancial information from their prior year's taxes Your FSA ID FAFSA Action Plan: Part II When: Four weeks after you submit your FAFSA What: Review and accept or appeal, your FAFSA Submission Summary Action Steps Step 4: Review your FSS and SAI. Step 5: Accept or appeal your FSS. How long will it take? 10-15 minutes About 20 minutes What information will you need? Estimated costs of attendance for your top school and program choices None LESSON 15: YOUR FAFSA AND STATE AID APPLICATIONS Property of PeerForward/© 2024 PeerForward; All Rights Reserved. lesson 15: Your FAFsA And stAte Aid ApplicAtions 243https://studentaid.ed.gov/sa/fafsa/lling-out#financial-info http://www.fsaid.ed.gov