The deadline for the next FAFSA application will be here in June for the fall of 2022 and spring of 2023 semesters.
Every year there are around 18 million students who apply for the federal financial aid.
They can receive loans, grants, and work study choices to help pay for their education.
The money borrowed must be paid back with interest.
Applications opened in Oct. and close on June 30, 2022.
Financial Aid: Differences with public and private colleges
What do I need to fill out a FAFSA application?
- Date of birth
- Contact information
- Citizenship status
- Marital status
Student Loans: What is the best loan option?
Students and parents need to provide financial details, similar to what they use for tax returns.
You must report if you’ve received any sort of assistance like SNAP benefits, SSI, or Medicaid.
Depending on what a student needs for support, the government can offer them what they need in assistance.
IRS Data Retrieval Tool for FAFSA applications
There is a tool that parents and students can use to easily transfer necessary data to their FAFSA from their taxes.
You can find it through fafsa.gov or the myStudentAid app.
This tool makes it easier to transfer necessary information from one place all at once.
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