A Quick Guide to FAFSA) 5/2/2013 <p>If you're already taking classes or you've been to college before, you are probably somewhat fami http://www.argosy.edu/our-community/blog/a-quick-guide-to-fafsa

A Quick Guide to FAFSA

If you're already taking classes or you've been to college before, you are probably somewhat familiar with the FAFSA (Free Application for Federal Student Aid), which allows you to apply for federal aid. Along with cash payments, employer partnerships, military aid and scholarships, federal aid (in the form of loans, grants, and scholarships) is one of the many options students may use to finance their education.

Whether you need a quick refresher or this is your first time applying for federal aid, here's how to complete the FAFSA in four simple steps.

1. Get Your PIN

First, if you don’t already have one, you’ll need to apply for a Personal Identification Number (PIN). In the case of a forgotten or compromised number, request a replacement. It’s important to remember this number for future filing purposes. (Find out what to do if you forgot your PIN.)

2. Gather Relevant Documents

To fill out the FAFSA, you should have certain information on hand. FAFSA will ask about the following:

  • Your identity (including your social security number)
  • Your savings and earnings
  • Your family
  • Your educational plans and status
  • Your tax return numbers
  • Our Federal School Code (021799)

If you are a dependent, the above information will also be needed for your parents.

3. Complete Your FAFSA

You’ll need to complete the FAFSA every year you are in school. For the 2013-14 school year, you can apply at www.fafsa.ed.gov until June 30, 2014. The site offers a fast and easy way of entering your tax return information by using the secure IRS Data Retrieval Tool that imports information from the IRS database into your application. The website also offers live, online help and instant access to estimates of how much federal aid you may receive. For additional assistance, contact your Student Finance Counselor.

4. Determine Your Financial Plan

We typically receive your FAFSA information within a few weeks of you completing the online application. Once we review your information and determine your eligibility for aid, you will be informed of the grants, scholarships and loans for which you qualify. Your Student Finance Counselor will work closely with you to establish your financial plan, taking into account your federal aid as well as any other means you are using to finance your education.

For More Information

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