Hi everyone, I'm starting to get my documents in order for the FAFSA and I want to make sure I have everything ready. I know this is crucial for financial aid and I definitely don't want to miss any deadlines because I'm missing papers.
What are the key documents needed for filling out the FAFSA? I’m particularly unsure about what financial information from my parents I'll need. Any advice on how to get this organized efficiently? Thanks in advance!
Great question! Keeping all your paperwork in order is one of the most important steps in filling out the FAFSA. Here's a list of what you'll typically need:
1. Your Social Security number: This is a must-have for filling out the FAFSA. If you don't have one, you’ll need your Alien Registration number if you’re not a U.S. citizen.
2. Your parents' Social Security numbers: These are required too. Just like with your SSN, if your parents don't have Social Security numbers, you can use their Alien Registration numbers.
3. Your driver's license number: If you have one, this can be helpful but it's not required.
4. Your previous year's tax information: For the 2024-2025 school year, for example, you'd use information from your 2022 tax returns. This includes W-2s and other records of money earned. If you’re filing as a dependent, you'll need your parent's tax return as well.
5. Untaxed income records: This might include child support received, interest income, and veterans noneducation benefits.
6. Records of assets: This includes savings and checking account balances, as well as investments such as stocks, bonds, and real estate.
7. List of the schools you’re interested in: The FAFSA allows you to send your information directly to these schools.
In terms of getting organized, consider creating a dedicated folder, physically or digitally or both, to store all the documents you need. This will help you keep everything in one place and make the process smoother. Be sure to check the FAFSA website or your school's financial aid office for any additional requirements. Getting started early is also always a good idea to ensure you meet all deadlines. Good luck with your application process!
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