Students can submit their FAFSA earlier – starting October 1.
Central State University School Code: 003026
GO TO: https://fafsa.gov
- Families will use earlier tax information
- Be the first among your friends to get the FAFSA done and prepare for the upcoming academic year.
Advantages of the new process
You already have tax information
Beginning with the 2017-18 FAFSA, the application will collect income information from the tax year two years prior. For the 2017-18 FAFSA, students and families will provide income information from the 2015 tax year.
Using an earlier tax year to determine eligibility for financial aid will make it significantly simpler for families to complete their FAFSA, because they will not be working to get tax information for the FAFSA while also trying to complete those taxes. The updated FAFSA uses taxes that were filed the previous year and are often available for easy download.
Most aid applicants and their parents will be able to use the FAFSA/IRS Data Retrieval Tool (DRT) to automatically view and transfer required tax return information directly from the IRS onto their FAFSA. Using the DRT increases the accuracy of information used to determine aid amounts and can eliminate the burden of providing tax return transcripts to your school for verification of income information.
Transferring completed tax information directly onto the FAFSA makes for a much simpler aid application process for most students and families.
More time to complete verification, if selected
Some students will be randomly selected for verification. Getting the FAFSA completed earlier means that students can find out earlier if they were selected for verification. This gives them more time to gather the necessary documents to complete the verification process.
- Apply for a FSA ID, (if you have not already done so), before filing your FAFSA. The FSA ID, a username and password, must be used to log in to certain U.S. Department of Education websites (FAFSA.gov, StudentLoans.gov, StudentAid.gov, and NSLDS.ed.gov). Your FSA ID confirms your identity when you access your financial aid information and when you electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one at https://fsaid.ed.gov
- The Student Aid Report (SAR): Once you file your FAFSA, the U.S. Department of Education's Central Processing System will process the application and send you a Student Aid Report (SAR). The SAR is not an Award Notice. The Student Aid Report contains a summary of the information you provided on the FAFSA. It also tells you whether or not you may be eligible for a Federal Pell Grant. Check all of the information on your SAR carefully; if you need to, you can correct your FAFSA. The SAR information will be sent to every school you listed on the FAFSA. Schools use the SAR information to determine your federal student aid eligibility. The FAFSA IRS Data Retrieval Tool will allow you to transfer your tax information directly from the IRS to the FAFSA. The IRS Data Retrieval Tool can be used at the time you file your FAFSA or after you have filed your FAFSA, as a FAFSA correction.
- File your FAFSA early to be considered for the most financial aid. Because some aid programs are awarded on a first-come, first-serve basis, apply as soon as possible after October 1 of each year. Central State University’s priority filing deadline for the FAFSA is January 31 (BEFORE the start of the academic year). Complete the FAFSA by January 31 to get priority consideration for limited funding sources.