Right Major + Right College = Career Success - Helping you get where you were meant to be.
RSS Follow Become a Fan

Delivered by FeedBurner

Recent Posts

Biggest Problem for Accepted Students
Will My College Be Open?
College in the Era of Covid
Student Loan Interest Rates Drop for 2020-21
Not All Info on the Web about FAFSA is Accurate

Most Popular Posts

Essay Topic: What will you contribute to our campus?
Got an IEP? Don't forget to take it to college.
Discouraging Words
Will Social Media Affect Your Child's Chances?
What to do when things change


Accepted? Now What?
Admission Decisions
Admission Essays
Adult Students
Athletes and College
Campus Safety
Career Planning and College
Choosing the best college for you
College Admission Deadlines
College Admission Decisions
College Admission Essays
College Admission Tests
College application process
College Applications
College Buyer Beware
College Camp
College Choice
College Costs
College Counseling and Advising
College Entrance Exams
College Freshman Adjustment
College Graduation and Beyond
College Major
College Myths
College Prep
College Prep Opportunities
College Recruitment
College Scholarships
College succcess
College Transfer
Early preparation for college
Education Consumerism
FInancial Aid
Financial Aid and Scholarships
GAP Year
GAP Year and Summer Programs
Getting in....or not
Good advice
Grad School
Graduate to a Job
Highly Selective Colleges
It's all in the timing
Kids Today
Learning Disability Accommodations
Media Treatment of College Information
Money and College
Online College
Parent and Grandparent Support
Parent and Grandparent Support in the College Process
Parent and student relationships in the college process
Parenting Teens
Picking a college
Planning for College Success
Positioning Students for Success
Social Media and College
Start Planning Early
Student Development
Student Loan Debt
Student Loans
Student Posts About Their Experiences
Success Hints
Summer Activities
Summer college prep
Surviving fall semester fo the senior year
The College-Job Connection
The Junior Year
To-do lists
Value of College
powered by

College Talk Blog

File an Estimated FAFSA?

Even though parents of students attending college in the fall are filing their taxes as early as possible, it's not unusual for them to file an estimated Free Application for Federal Student Aid or FAFSA to meet priority college financial aid deadlines. 
If your family filed an estimated FAFSA, don't forget to correct your FAFSA after your taxes are filed.  Correcting the FAFSA is quick as you only have to correct a few items. 
If you meet the qualifications for families who can have the IRS populate your FAFSA, it's a good idea to wait 14 days after your tax return was accepted by the Internal Revenue Service to correct your FAFSA.  Fourteen days is the estimated time the IRS has given for them to be able to populate your FAFSA from your tax return. 
The reason it is best for families to let the IRS populate financial information on the FAFSA is that it is likely to minimize the chances that the Student Aid Report (SAR) that you receive after filing your corrected FAFSA will be selected for a process called verification.
Verification requires submitting tax information directly to the financial aid office so that they can verify data on the FAFSA.  Unfortunately, verification will take more time this year because of new requirements for families to obtain official tax transcripts from the IRS for college aid offices to be able to verify their SAR.  The IRS is estimating that it will take as long as six weeks for families to get transcripts.  Six weeks is a long time for families to have to wait before their SAR can be verified.  More time will be added to that if there are corrections to the SAR as a result of verification.  Such delays can delay final awards.  Delays can impact financial aid award offers if the college runs out of types of aid for which students are eligible. When it comes to financial aid, time is money.

0 Comments to File an Estimated FAFSA?:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment