Big Changes in FAFSA 2017 Please Attend To FAFSA ASAP Your College Funding Depends On it.

15 Jan 2017 by Frank Scarpaci

FAFSA® Changes for 2017–18
The Big Changes for 2017–18
Frequently Asked Questions About the 2017–18 FAFSA®

The Big Changes for 2017–18
Starting with the 2017­–18 Free Application for Federal Student Aid (FAFSA®), the following changes have been put in place:

Students are now able to submit a FAFSA® earlier. Students have been able to file a 2017–18 FAFSA since Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date is a permanent change, enabling students to complete and submit a FAFSA as early as Oct. 1 every year. (There is NO CHANGE to the 2016–17 schedule. The FAFSA became available Jan. 1 as in previous years.)
Students now report earlier income information. Beginning with the 2017–18 FAFSA, students are required to report income information from an earlier tax year. For example, on the 2017–18 FAFSA, students (and parents, as appropriate) must report their 2015 income information, rather than their 2016 income information.
The following table provides a summary of key dates for the early FAFSA submission timeframe and reporting of earlier tax information.

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If you’d like more details about the changes, you may read the fact sheets called College Students and Parents: What You Need to Know About the 2017­–18 FAFSA® and The 2017–18 FAFSA®: Get Your Dates Straight.

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Frequently Asked Questions About the 2017–18 FAFSA®
Browse these questions, and visit the FAFSA: Applying for Aid section of our site to learn more about the FAFSA process.

Are deadlines now earlier?
The federal deadline isn’t earlier, but some state and school deadlines are. Most state and school deadlines haven’t changed, but be aware of this: Several states’ deadlines have changed from “as soon as possible after Jan. 1” to “as soon as possible after Oct. 1.” Find state deadlines on the FAFSA and school deadlines on schools’ websites.

Do I have to apply for admission to a school before I list it on my FAFSA?
No. On your FAFSA, list all the schools to which you have applied or might apply.

Will my 2016–17 FAFSA information be carried over onto the 2017–18 FAFSA?
If you choose the Renewal FAFSA option when you start your application at fafsa.gov, some basic information from your 2016–17 FAFSA will be prepopulated in your 2017–18 FAFSA. However, your tax and income information will not. (Too much could have changed in your life since you filled out the 2016–17 FAFSA.)

Can I choose to report 2016 information if my family’s income has dropped significantly since we filed 2015 taxes?
No. You must report 2015 tax and income information, as the FAFSA requires. If your family’s financial situation has changed dramatically since then, you should complete the FAFSA questions as required, submit the FAFSA, then contact the school you plan to attend and discuss your situation with the financial aid office.

Do I report my 2015 tax and income information on the 2017–18 FAFSA now, and then update it once I’ve filed my 2016 taxes?
No. Do not update after filing your taxes. The 2017–18 FAFSA asks for 2015 tax information.

What if my parents’ (or my) marital status has changed since we filed 2015 taxes? How do we supply tax and income information on the FAFSA?
Here are some tips for this type of situation:

The FAFSA asks for marital status “as of today” (the day it’s filled out). So if the student or parent is married now but wasn’t in 2015 (and therefore didn’t file taxes as married), the spouse’s income will need to be added to the FAFSA.
Similarly, if the student or parent filed 2015 taxes as married but is no longer married when filling out the FAFSA, the spouse’s income will need to be subtracted.
And if the student or parent was married when filing 2015 taxes, then got divorced and is now married to someone else, there’s a bit more math to do: Subtract the ex’s income, then add the new spouse’s income.
The help text in fafsa.gov will discuss all these situations.
Will I receive aid offers from schools earlier if I apply earlier?
Not necessarily; some schools will make offers earlier, and others won’t. And keep in mind that an early offer might be an estimated offer, so read communications from schools carefully.

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