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'Tis the Season, But Not Just for Hunting

'Tis the Season, But Not Just for Hunting 11/2/18Pheasant hunting season is in full-swing.  My husband and sons had good luck on their annual trek to South Dakota for pheasant hunting last weekend.  Gun season for deer hunting will open soon.

Not only is it the season for deer and pheasants; it’s also the season for FAFSA!

The season for submitting the Free Application for Federal Student Aid (FAFSA) to fund college education during the 2019-2020 academic year opened on October 1, 2018.

By completing the FAFSA form, you are applying for federal grants and loans.  “A new FAFSA needs to be completed every year you attend college and want federal financial aid,” states Carrie Johnson, NDSU Extension Personal and Family Finance Specialist.

The 2019-20 application uses information from your 2017 income tax return.

To complete your application, have the following items handy:
 -  your Social Security number,
 -  a copy of your 2017 income tax return, W-2’s, any other money earned but not reported
    elsewhere (taxed and untaxed),
 -  bank statements and records of investments, and
 -  your Federal Student Aid ID (FSA ID).

The FSA ID gives you access to the Federal Student Aid program’s online systems and can serve as your legal signature. You can use the IRS data retrieval tool in the FAFSA to input your income tax information.

If you are a dependent student, you also will need to provide the same information for one of your parents/guardians. You are considered dependent if you were born after Jan. 1, 1996; you are not married, not working on a graduate degree, not serving on active duty and not a veteran; do not have children or other dependents; your parents are alive; and you are not an emancipated minor. For more information about dependency, 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, not just for 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

Photo Source: https://pixabay.com/en/university-education-school-2119707/ (downloaded 11/5/18)


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