Happy FAFSA Day! Are you completing the FAFSA for the first time this year? While you’re waiting for the site to load, here are some resources that will help you get through it with a minimum of chaos and maximum of financial aid.
First things first: Do you have an FSA ID yet? If not, go to studentaid.gov right now and get it– one for you and one for your student. You can’t fill out the FAFSA without it.
Next, pull together your documents. You’ll need:
- Driver’s licenses
- 2020 tax return
- 2020 W-2’s
- Records of any untaxed income you received such as child support or untaxed alimony
- Current balances of bank, brokerage and 529 accounts
- Value of assets such as investment property
Here are a few blog posts, videos and other resources that can help you complete the FAFSA:
- Preparing for the FAFSA
- What Year?
- What is Income on the FAFSA?
- Is it Income?
- FAFSA Basics: Parent Assets
- Is it an Asset?
- EFC Formula Guide for the 2022-23 FAFSA
- FAFSA Basics: Divorced Parents
- Coming Changes to the FAFSA
- Your Teen for Parents – It’s Time for the FAFSA: What Parents Need to Know
- Hack Your Wealth – College Financial Aid Changes Coming to the FAFSA application
Want to put this to work for you? Sign up for The College Financial Plan masterclass. You’ll develop a detailed financial plan for college, learn strategies to maximize financial aid and merit scholarships, find out how to qualify for tax credits and other benefits, and get your student a great college education at a price that won’t knock your family’s other financial goals off the rails. Sign up now! Just $299.