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Time to Start Applying for 2019-20 Federal Financial Aid

Now is the time to think about financing your 2019-20 college year.

The U.S. Department of Education’s Federal Student Aid program began accepting submissions for the 2019-20 academic year on Oct. 1.

By completing the Free Application for Federal Student Aid (FAFSA) form, you are applying for federal grants and loans. You need to complete a new FAFSA every year you attend college and want federal financial aid.

Here is what you will need:

  • Social Security number
  • Copy of your 2017 income tax return (or use the IRS retrieval tool), W-2’s and any information on money earned that was not reported elsewhere
  • Bank statements and records of investments
  • Federal Student Aid ID

If you are a dependent student, you also will need the same information for one of your parents/guardians. To check if you are a dependent or independent student, visit https://studentaid.ed.gov/sa/fafsa/filling-out/dependency.

To apply for your FSA ID, go to https://fsaid.ed.gov. You will need your name, date of birth, Social Security number and contact information. Make sure to remember this ID because you will need to use it for all Federal Student Aid websites, just filling out the FAFSA.

You can complete the FAFSA by going to https://studentaid.ed.gov/sa/fafsa or using the new myStudentAid app for iOS and Android.

Source: Carrie Johnson, NDSU Extension personal and family finance specialist, 701-231-8593, carrie.johnson.1@ndsu.edu

 

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