If you’re completing a FAFSA for the 2017-18 school year, there are some new requirements you should be aware of. One of them is the new FAFSA release date. This form now becomes available on October 1 annually, rather than January 1. This allows you to fill out the FAFSA earlier and possibly learn your financial aid eligibility a little earlier, too.
Another change to the FAFSA allows students and families to complete this form using tax information that should already be completed, eliminating the need to update your tax information on your application once your taxes have been filed. Since the latest FAFSA, released on October 1, requires you to use your 2015 tax information, you can pull out your 2015 return and complete your application at FAFSA.gov now! The sooner you apply, the better!
If you’re unsure when to complete the FAFSA or the correct tax information to be used, check out the chart below. Good luck!