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Updating a filed fafsa

Is your family using 529 savings accounts to help pay for college?Good news: the FAFSA changes will give you more flexibility about which accounts to draw on when.With the cost of college rising each year, many families look to financial aid to help pay for their student’s education.In order to qualify for financial aid — both from the federal government and/or from the college — students must file the Free Application for Federal Student Aid, or FAFSA.Always file the FAFSA even if you think your family might not qualify for federal aid.Colleges use this form when disbursing their own scholarship and grant funds.Your EFC (Expected Family Contribution, generated by the information you enter on the FAFSA) is also adjusted each year by the federal government using current statistical data.Your student will not have to start a new FAFSA every year.

It gives them more time to compare financial aid awards and to appeal awards before accepting a spot at a college.A problem with the IRS Data Retrieval Tool this past year has changed the way that tool is used to help students and families import tax return information directly into the FAFSA.Please click here for an update on the IRS Data Retrieval Tool.In addition, the CSS collects estimates of the current year’s income for both students and parents and projected income for the following year as well, and some colleges may ask similar questions on their own financial aid forms.The deadline for submitting FAFSA and CSS forms depends on each individual college — your student’s school may have a “priority filing” deadline.

Gather all documents, personal and financial, and prepare in advance by using the FAFSA on the Web Worksheet.

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Household changes – IF you're selected for verification and only if you must update your FAFSA to reflect any changes in your household – whether it's yours or your parents. If your household changes as a result of marital status and only yours – the student who filed the FAFSA, contact your school's financial aid office to. 
31-Aug-2018 08:17
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Do not change asset figures when updating an already-filed FAFSA, unless the figures were incorrect on the day you first submitted the FAFSA. Online corrections to asset information will prompt the Office of University Scholarships and Financial Aid USFA to request verification forms that could delay financial aid awards. 
31-Aug-2018 08:21
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Your Free Application for Federal Student Aid FAFSA provides a snapshot of your family's financial situation as of the date you sign and submit your FAFSA. If the processed information on your Student Aid Report SAR is not accurate as of the date that you signed and submitted your FAFSA, then you must correct it. 
31-Aug-2018 08:25
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If you filed a FAFSA® form using an incorrect SSN, you can correct your SSN by doing one of the following Recommended method You can submit a new online FAFSA form. In many cases, this is the easiest and fastest option. 
31-Aug-2018 08:27
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Updating a filed fafsa introduction

Updating a filed fafsa

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