If you have a student who will be attending college in next fall (fall of 2018), you can start applying for financial aid. This is the second year that students have been able to start on their FAFSA applications early. In the past, they had to wait until the first of the year to submit their Free Application for Federal Student Aid, known as FAFSA.
On Oct. 28, FAFSA Day will be held at campuses throughout North Carolina. FAFSA Day provides an opportunity for students to get in-person help from financial aid administrators and financial aid specialists.
This free event is offered by College Foundation of North Carolina, the North Carolina Association of Student Financial Aid Administrators and the State Employees’ Credit Union.
A few campuses will be offering FAFSA Day on an alternate date:
NC Wesleyan College on Oct. 21and Winston-Salem State University on Nov. 4.
For the nearest site and to register, go to CFNC.org/FAFSADay. In addition, the State Employees’ Credit Union will offer FAFSA completion assistance in November. Call local branches to schedule an appointment.
Here’s how to submit a FAFSA:
Both the student and one of his or her parents will need a Federal Student Aid Identification, or FSA ID, to access the FAFSA form. To obtain an FSA ID, go to FSAID.ed.gov.
Students and parents should use their 2016 tax information. Most filers are able to use the Data Retrieval Tool and will be prompted on the FAFSA. If those tax forms are unavailable, it is a good idea to have 2016 1040 tax forms, W-2 forms, or other income and asset documents available.
Parents will need to sign the completed FAFSA form with their FSA ID before submitting it.
Bill Wells, the director of financial aid at Wake Forest University, said that FAFSA asks about the past, meaning 2016 income; the present, including the value of cash, savings, checking accounts, and other real estate and investments; and the future, meaning family size and the number of people in college during the 2018-19 school year.
Winston-Salem Journal: https://goo.gl/mt7XFd
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