The FAFSA application can be completed online. FAFSA is free, so don't pay some other company to file it for you. Before completing the online application, student and parents must register for an online pin number. The pin number is used as an electronic signature. The pin number is typically emailed to the requesting individual within 1-3 business days. Information requested on the FAFSA can typically be found on the previous year's tax returns. It is important to complete all sections of the application using accurate information. Once the application is filed, supporting documentation to the entries may be requested.
A paper version of the FAFSA application is available online, through local libraries, high schools and colleges. The paper version requests the same information as the online version. This is method is generally the slowest method of completing a FAFSA application and takes up to six weeks for an approval or denial status. Remember to double check the application and make copies before mailing it. It is suggested to use the pre-paid self addressed envelope which is included with the FAFSA paper version.
Most college and high schools have a department that handles financial aid. These offices are a great resource for first-time filers. The Financial Aid offices are designed to assist filers with FAFSA, scholarships and student loans. Contact the Financial Aid office before visiting. Request a list of documents they required prior to filing a FAFSA. When visiting the Financial Aid office, be sure to come prepared with all necessary paperwork and documentation.
When filing a FAFSA application there are several documents needed to make the process smooth. The FAFSA requests information from all household members. It is important to have a copy of the previous year's tax returns along with W-2 and 1099 forms. It is also required to list any assets and investments. The FAFSA also requests Social Security numbers for any persons living in the household.