- Gather Materials – You’ll need your social security card, current bank statements and, if you’re a dependent student, your parent(s)’ information. For the 2020-2021 FAFSA, you’ll also need your 2018 W2 and tax return.
- Create an FSA ID – This username and password is used to electronically sign your FAFSA and other important financial aid paperwork. Visit fsaid.ed.gov to sign up and use our FSA ID Worksheet to track all of your responses.
- Fill It Out – The FAFSA is available at FAFSA.gov on October 1 each year. Check out the “Tool Tips” question mark box beside each field for assistance with every question. You can also use the FAFSA mobile app by downloading the ‘myStudentAid’ app to your phone or tablet.
- Sign & Submit – Enter your FSA ID to serve as your electronic signature. Don’t forget to click submit at the bottom of the screen.
- Follow Up – Watch your email for a Student Aid Report (SAR) and information from the schools who’ve received your FAFSA results. Be sure to follow up with the financial aid office at your school if you have additional questions.
For more details, check out the Finish the FAFSA in Five Steps guide or watch the Finish the FAFSA in Five videos on the StartWithFAFSA website, available in both English and Spanish.
Short answer: Yes! No separate application is necessary, but you DO have to submit a Free Application for Federal Student Aid (FAFSA) to apply.
The Oklahoma Tuition Aid Grant Program (OTAG) is a need-based grant program for Oklahoma residents who attend eligible colleges, universities and career technology centers in the state. Awards are approved for full-time or part-time undergraduate students. Children of military personnel from other states who currently reside in Oklahoma may also qualify for OTAG.
OTAG is a grant based on financial need, which is determined by the data students submit on their FAFSA. To apply for OTAG, a student simply has to complete a FAFSA. Typically, OTAG receives more eligible applications than can be awarded with available funds, so it’s important that your FAFSA is submitted on or shortly after October 1 each year.
Currently, the maximum annual OTAG award is the lesser of 75 percent of enrollment costs or $1,000 for students attending public colleges, universities or career technology centers, and $1,300 for students attending eligible private colleges or universities.
Another grant available from the State of Oklahoma is the Oklahoma Tuition Equalization Grant (OTEG). It’s a need-based grant for Oklahoma residents enrolled as full-time undergraduates at certain qualified Oklahoma not-for-profit, private/independent institutions of higher education. Students must complete a FAFSA to apply. To receive OTEG, a student must also have an annual family income of $50,000 or less. OTEG award amounts are $2,000 per academic year or $1,000 per academic semester. To see a list of schools eligible to offer OTEG awards, visit OKcollegestart.org/Financial_Aid_Planning.
The FSA ID is your Federal Student Aid ID. It’s a username and password that you’ll use to submit your Free Application for Federal Student Aid (FAFSA) each year that you’re seeking financial aid for college.
It’s best to create your FSA ID before you complete your FAFSA. In fact, now is the perfect time for you to create yours since the new FAFSA will be available October 1.
Your FSA ID can also be used to log on to other financial aid websites. It’s your unique electronic signature, so you should never share it with anyone—not even your parents or financial aid personnel at the college you choose to attend. You must create your own FSA ID; parents of dependent students should not create an ID for their children, and vice versa.
We suggest writing down the information you enter as you create your FSA ID. The easiest way to do so is by using the FSA ID worksheet, available in English and Spanish at UCanGo2.org. Once you’ve filled in the worksheet, be sure to store it in a safe place. Consider putting it in the file that contains one or more recent tax returns (yours and/or your parents’) so you will have it handy when the next FAFSA season rolls around.
When we hear the word “free” we’re usually excited, but then we think, “wait a minute – what’s the catch?” We’ve been conditioned to believe that nothing is ever free. Well, that’s not the case with the Free Application for Federal Student Aid, or FAFSA. The FAFSA really is a free application! There aren’t any gimmicks, conditions, 30-day trial periods or necessary payments. The FAFSA is a free application that helps colleges determine your eligibility for financial aid – money to help cover educational expenses. In order to access this application, you’ll need to log in to FAFSA.gov. This is the official website to submit your FAFSA. Other sites may require you to pay a fee to submit your application, but FAFSA.gov won’t.
What else should you know about this free application? You’ll need a username and a password to log in and sign your FAFSA. You can create your login, also called an FSA ID, at fsaid.ed.gov. There shouldn’t be any fees to create your login, either. Once you submit your application, the colleges that receive your FAFSA can assist you with any concerns you may have about your financial aid eligibility or financial aid offer; be sure to contact them with questions. Don’t fall for scams that state you must pay (anything!) to submit your FAFSA. Remember that no payment is required because the FAFSA is always free!
Have you been told that the Free Application for Federal Student Aid, or FAFSA, is only for students with good grades? What about the myth that the FAFSA is only for those with a certain income? If you have heard these, you have been given the wrong information. The FAFSA is for everyone who plans on attending college. This application shows a school your eligibility to receive financial aid, or funds to help you pay for college. Financial aid comes in the form of grants, work-study and student loans. If you are a high school senior, current college student or an adult learner going back to school, you should submit a FAFSA.
The FAFSA doesn’t ask for your grades or transcripts. Instead, it inquires about your financial information to see how much aid you’re eligible to receive. Not only could submitting your FAFSA determine your eligibility for federal financial aid (grants, work-study and student loans), but it could also determine your eligibility for aid given specifically to students at your college. Other scholarships may also require you to submit a FAFSA. Therefore, put aside those legendary tales and see what financial aid you could receive. It’s better to learn that you qualify for some aid, then to completely miss it because you decided not to apply. Don’t believe the myths, learn more about the FAFSA for yourself at FAFSA.gov and StartWithFAFSA.org.