FAFSA

Free Application for Federal Student Aid

What is FAFSA?

The Free Application for Federal Student Aid (FAFSA) is a form used by the U.S. Department of Education to determine the amount of money a family can receive and is expected to contribute to the price of attending a postsecondary institution. The results of the FAFSA are used by the state and colleges in determining what type of financial aid the student is eligible for, including grants, Direct Stafford Student Loans and work study programs.

FAFSA in Bartholomew County

The coalition is committed to supporting higher education and therefore offering FAFSA information and completion nights at the local high schools. The events are free to everyone and you do not need to be a student at the hosting institution to attend. The information nights will have a presenter offering information about the form, how to complete the form, and the outcome. The FAFSA completion nights will provide computers for individuals to be able to submit their form with the assistance of financial aid professionals. You do not need to be attending local colleges to attend the events. The BCFLC hopes that filling out FAFSA applications may be a contribution to higher lifetime earnings.

BCFLC’s FAFSA Project

The FAFSA information and completion nights are offered to students and families September through December within the local high schools. College Goal Sunday is a statewide event that will be held at the Columbus Learning Center as another option to have the FAFSA completed.

Information Nights:

Check back for future dates

The FAFSA Project is provided at no cost to Bartholomew County families.

Project Outcomes

Parents and students who attended the FAFSA Help Sessions were extremely grateful for the support and help they received. Some had complex family situations and needed help from professionals in the fields of education and finance.

The team did not reach the target goal of 600 applications but were close with 559 students submitting a FAFSA. This was an overall increase of almost 9% over the same period for 2014.

Plans are underway to build on the success of the pilot project and help a greater number of families in 2016. Stay tuned for Help Session dates at all three Bartholomew County high schools.

Documents Needed for FAFSA

Student Information

· Basic Information – Name, Date of Birth, Address, Driver’s License Number (if applicable)

· Social Security Number or Alien Registration Number

· Government Benefits received by a family member in last 2 years

· Federal Tax Return (IRS 1040, 1040A, 1040EZ, and IRS W-2) information, for you (and spouse/parents if applicable)

· Untaxed income: such as child support received, tax-exempt interest income, disability and veterans non-education benefits

· Current Bank and Investment Account Statements

If applicant is considered a dependent on the FAFSA they will need Parent(s)/Step-Parent Information - If Parents are divorced only include Custodial Parent unless Custodial Parent has re-married then include Stepparent information

Parent(s)/Step-Parent Information

· Parents’/Step-parent Information: Date(s) of Birth & Social Security number(s)

Marriage information: Date they were married, remarried, separated, divorced or widowed.

· Did anyone in house receive Government Benefits in last 2 years? Supplemental Security Income, Food Stamps, Free/Reduced Price Lunch, Temporary Assistance to Needy Families (TANF), Special Supplemental Nutrition Program for Women, Infants and Children (WIC), or Supplemental Nutrition Assistance Program (SNAP)

· Federal Tax Return (IRS 1040, 1040A, 1040EZ, and IRS W-2) information.

· Additional Financial Information: child support paid, taxed combat or Special Combat pay, education benefits (American Opportunity or Lifetime Learning tax credits)

· Untaxed income: child support received, tax-exempt interest income, worker’s compensation, disability, veteran’s non-education benefits, IRA or other pension distributions not included in AGI or other untaxed income. Military, Clergy & others: paid housing, food or other living allowances.

· Current Bank and Investment Account Statements: savings and checking account balances; investments, including stocks and bonds and real estate but not including the home in which you live; and business and farm assets. Do not include any qualified retirement accounts.

All these items should be stored safely. They may be needed again!

Written by kprather on Monday February 29, 2016
Permalink - Programs: FAFSA Help

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