- Your Social Security number
- Your Alien Registration number (if you aren’t a U.S. citizen)
- Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA form using the IRS Data Retrieval Tool.)
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
- An FSA ID so you can electronically sign the FAFSA form
If you’re a dependent student, then you’ll also need most of the above information for your parent(s).
How your parent can fill out the FAFSA® when they can’t use your FSA ID:
This video helps your parent work on your Free Application for Federal Student Aid (FAFSA) without using your FSA ID.
The key to completing a FAFSA with your parent when you aren’t together is something called the Save Key. The Save Key is a short, temporary password you can give someone when it is time for them to work on your FAFSA. Here’s how it works:
- Start a FAFSA at fafsa.gov. Click on Start Here.
- On the “Login” page, you can start a FAFSA with your FSA ID (on the left) or your parent can start it with your name, Social Security Number and date of birth (on the right).
- Whoever starts the FAFSA will be prompted to create a Save Key. Make a note of it.
- Whenever the first person is done with their part, save the FAFSA and close out of it.
- Give the other person the Save Key. Then that person can use the Save Key to get into the partially completed FAFSA and do his or her part. A parent can get in by entering your (the student’s) identifiers on the right side of the “Login” screen and never needs to use your FSA ID.
- When everyone is done with their parts of the FAFSA, be sure to click Submit My FAFSA Now at the bottom of the “Signature Status” page. You are not done until you see the “Confirmation” page, which you should read and save for your records. If your parent has another child in school, there is a link on the “Confirmation” page to start a new FAFSA for that child, allowing your parent to transfer much of their information and save time.
It is very important that you and your parent create and use your own FSA IDs. The FSA ID acts as a legal signature and should not be shared. Letting someone else create your FSA ID is not allowed and can create problems and delays with your financial aid. For more information or to create your own FSA ID, go to StudentAid.gov/fsaid.
If your parent does not have a Social Security Number, he or she will not be able to get an FSA ID. In that case your parent will print, sign, and mail in a paper signature page.
Tips for the Application Process
Financial aid administrators and guidance counselors from around the country agree that the following tips speed up the application process:
Important: Read the instructions!
Many questions are straight forward, like your social security number. But many questions are asked specifically for purposes of student financial aid. Common words like “household,” investments,” and even “parent” may have special meaning. Read all instructions carefully. If you have questions you may contact your counselor, Rex Hoffman, at Central Linn.
State and school deadlines will vary and tend to be early. Check with then to find out their exact deadline dates. The U.S. Department of Education will process your FAFSA if received on or before the deadline. However, to actually receive aid, your school must have correct, complete FAFSA information. It is recommended that you fill out a FAFSA pin application in November in order to electronically file in January (you may also file by paper without an electronic pin). The first day may fill out the FAFSA is January 1st. The sooner you fill out your form the more aid you will receive. To obtain a FAFSA PIN and apply on-line go to FAFSA.ed.gov.
Complete your tax return
We recommend that you and your student complete your tax return before filling out your FAFSA. This will make completing the FAFSA easier. If you have not filed your tax return yet, you can still submit your FAFSA but you must provide income and tax data. Once you and your student file your tax return, you must correct any income or tax information that changed.
Why does the FAFSA ask so many question?
Your FAFSA responses are entered into a formula (known as Federal Methodology), which is required by the Higher Education Act of 1965. The result is your Expected Family Contribution, or EFC. The EFC is a number that measures your family’s financial strength. It is subtracted from the Cost of Attendance at the school(s) you plan to attend which determines your eligibility for federal student aid.
How much aid do I get?
The school use your EFC to prepare a financial aid package (grants, loans, and/or work-study) to help you meet your financial need. Financial need is the difference between your Expected Family Contribution and your school’s cost of attendance, as determined by the school. If you or your family have special circumstances that impact your financial situation, contact your school’s financial aid office. Some examples include; unusual medical or dental expenses, or a large change in income form last year to this year.
When do I get the aid?
Your financial aid will be paid to you through your school. Typically, your school will first use the aid to pay tuition, fees, and room and board (if provided by the school). Any remaining aid is returned to you for your other expenses, such as books.