Save Your Tax Documents for a future FAFSA!

Before applying for federal student aid, you’ll want to pull together all the necessary documentation, such as your drivers ID, Social Security card, current bank statement and your W2 and tax returns. When gathering your tax information for the FAFSA, remember that you’re required to use your tax return from two years prior. This means that if you’re completing the FAFSA to begin school in fall 2018, you’ll need your tax information from 2016. Because you must complete the FAFSA each year you need student aid, you’ll need to keep your tax information handy for the FAFSA’s you will complete while in college. Try to keep all relevant documentation together in a safe location. This will help you quickly and accurately finish all future FAFSAs.

If you’re unsure when to complete the FAFSA or what year’s tax return you will need, check out the FAFSA Completion Chart  below.

FAFSA chart explaining tax and submission dates

Today is Oklahoma’s Promise Day!

Today is Oklahoma’s Promise Day! Since 1992, the Oklahoma’s Promise (OKP) scholarship has paid college tuition for over 80,000 students in our state.

If you’re an OKP recipient, you are now required to submit a FAFSA each year that you’re in college. The Adjusted Gross Income (AGI) from your FAFSA will be used to determine whether or not your parents’ income exceeds $100,000 (or your income if you have been determined to be financially independent). For any year that the AGI exceeds $100,000, you won’t be eligible to receive the scholarship.

For more information about OKP requirements while you’re in college, be sure to read the FAQs for college students at okpromise.org.