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Quick Tips for Filing Your FAFSA

Quick Tips for Filing Your FAFSA

Mike Pugh, FastWeb

What Counts as Income?

• The Earned Income Credit is considered “untaxed income” on the FAFSA. Other types of untaxed income include retirement plan contributions made during the year and military food and housing allowances.

• Taxable earnings from work-study jobs as well as any grant or scholarship monies that were reported on your income tax return are counted.

• Prepaid tuition plans are not reported as assets on the FAFSA.

Before You Submit Your FAFSA

• Whether filing online or off, sign the form (you’ll use your PIN online) and get all the other required signatures. If you don’t sign the form, you will receive an SAR, but you will not receive aid.

• Do not include anything with the form when you mail it; any enclosures will be destroyed. Likewise, do not write comments or notes in the margins of the form. If there are unusual family financial circumstances, you should contact the school’s financial aid administrator to ask for a professional judgment review.

• Make a copy of the form before mailing it. You can print out your online FAFSA before you submit the application.

• Submit the form on time.

If you don’t understand a question or are having trouble filling out the form, call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).


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