The FAFSA is filed electronically and must include 起点传媒鈥檚 Institution Code, which is 002050.
You may complete the FAFSA before filing your taxes using estimated figures. However, you will need to update your FAFSA once your taxes are complete. The IRS Direct Data Exchange (DDX) may be used to update your information roughly two weeks after you have filed your tax forms.鈥
The use of the IRS Direct Data Exchange will be mandatory beginning with the 2024鈥2025 FAFSA.
Before You Fill Out The FAFSA
Determine Your Eligibility
. Review your eligibility status prior to filing your FAFSA.
Apply for Your FAFSA ID
Completing and submitting your FAFSA requires that you from the Department of Education.
If your parents are providing their own information on your application, they will need to obtain their own FSA ID (be sure to use separate emails for each ID).
You will be able to sign your FAFSA electronically as soon as you obtain your FSA ID. It will take a few days for the Social Security Administration to verify your information before you can use the ID to log into federal websites.
Determining Dependency Status
Your financial aid is awarded based on your as determined by the federal government. Based on answers provided on your FAFSA about age, degree plan, marital status, etc., dependency status will be determined and aid awarded accordingly.
Determining Financial Need and Award
After submitting your application, you'll receive your Student Aid Index (SAI). The SAI replaces what was previously known as the Estimated Financial Contribution (EFC). The FAFSA form calculates your SAI using the 鈥淔ederal Methodology,鈥 which estimates the contribution of both students and 鈥渃ontributors鈥 (generally parents or legal guardians). This is not, however, the amount you will actually pay. Your SAI is determined by the income and assets (excluding the value of your primary home) of you and your contributors.
Also considered is your Cost of Attendance (COA): the estimated expenses you will incur that the Financial Aid Office can recognize. Charges that appear on your bill are direct costs and include tuition, mandatory fees, and room and board. Indirect costs are factored into the COA but are not charged to your bill. These include allotments for books and supplies, transportation, and other miscellaneous expenses.
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