Navigating the financial aid landscape for college can be overwhelming but completing the Free 2023-2024 FAFSA form (also called the Free Application for Federal Student Aid Form) is a crucial step. The 2023–24 FAFSA form is now available at fafsa.gov. To make the process smoother, gather the necessary information before starting.
1. Your FSA ID: Create an FSA ID, your digital signature for the FAFSA form. Parents of dependent students also need their FSA ID.
2. Your Social Security Number: Locate your SSN on your card. If you don’t have it, request a new or replacement SSN card from the Social Security Administration.
3. Your Driver’s License Number: Required unless you don’t have a driver’s license.
4. Your Federal Income Tax Return: Report 2021 income on the 2023–24 FAFSA form. Use the IRS Data Retrieval Tool (DRT) if eligible for a faster, more accurate input.
5. Records of Your Untaxed Income: Include child support, interest income, and veterans’ noneducation benefits. Report 2021 information.
6. Records of Your Assets (Money): Disclose savings, checking account balances, and investment values. Report current amounts as of the FAFSA signing date.
7. List of the School(s) You’re Interested in Attending: Add any college you’re considering, even if not applied or accepted. List up to 10 schools; you can remove or add later.
Remember, the FAFSA form helps determine financial aid eligibility, so accuracy is crucial. If you experienced a reduction in income since the 2021 tax year, complete the form with 2021 information and contact your prospective school to discuss any changes. Don’t miss out on potential aid by delaying school listings; you can always remove schools later if needed. Completing the FAFSA early ensures a smoother financial aid process. For a more detailed guide and personalized assistance, consider consulting a Fee-Only financial aid professional.
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