Applying for Financial Aid


FAFSA (Free Application for Federal Student Aid)

The FAFSA is a federal document that is used to offer you financial aid and should be completed as completely and accurately as possible.  Not only are you applying for tax dollars to assist you in paying for your education, you are also certifying that you understand the Secretary of Education has the authority to verify information reported on the FAFSA.  If you purposely give false or misleading information, you may be fined up to $20,000, sent to prison, or both.


Social Security Card

If you enter your name and social security number as they appear on your social security card the first time you fill out your FAFSA, you can avoid some of the most common and time-consuming mistakes that are made.

Your date of birth, name and social security number is sent to the Social Security Administration for them to check against their records to see if the information matches.  If the Social Security Administration finds that any one of these three do not match, students are required to correct the information and schools may have to ask for a copy of the social security card or birth certificate in order to get the correct information.



Student & parent information

The FAFSA collects both student and parent information.  It is important to answer each question using information for whom the question is referring to.


Checklist

Checklist for completing your 2018-2019 FAFSA


IRS Data Retrieval Tool (DRT) to complete 2018-2019 FAFSA

The IRS DRT is a tool that allows you (and your parents, if dependent) to access your tax return(s) on the IRS website as you complete your FAFSA on the Web and automatically loads your tax return data to the corresponding FAFSA fields.


Which parent do I report on the FAFSA?



Am I independent?



Signatures

If you are a dependent student you and your parent must sign the FAFSA each and every time either you or your parent(s) make a change.

If either one of you forgets to sign again, your FAFSA will be rejected as incomplete and we cannot do anything with your information until both of you sign.



Snapshot

The Department of Education considers the FAFSA to be a ‘snapshot’ of your family’s situation on the day that you originally file the FAFSA.

Examples



My assets changed since I filed the FAFSA

You cannot update asset information if the amounts were correct on the day you filed the FAFSA.

If you made an error on the FAFSA when you reported your assets (cash/savings, business or investment net worth), please complete the Asset form.



Corrections vs Updates

If the information you entered was correct at the time you completed your FAFSA, please do not update the information, even if there are changes that have occurred since then.

If you made an error when you reported your marital status information, please contact our office. Anytime you or your parent(s) make a correction, both of you must re-sign the FAFSA.



Common Errors

The FAFSA asks for basic student demographic data such as your name, date of birth and social security number.  Sounds simple, right?  The problem is, students don’t always go by the name on their social security card.  Or they may not check their social security number before they enter it on the FAFSA and then they end up transposing numbers or putting in wrong numbers.  When filling out their date of birth, sometimes students reverse the day and month of their birth, like they enter 7/6 when their correct birthdate is 6/7.


Academic year

File the 2017-2018 FAFSA if you plan to attend Fall 2017, Spring 2018 or Summer 2018

File the 2018-2019 FAFSA if you plan to attend Fall 2018, Spring 2019 or Summer 2019


Baylor school code

003545


Federal Student Aid