FAFSA- before or after acceptance?

  1. When do I submit my FAFSA application? I have been accepted to one graduate program already, but I am still waiting on 2 more.....
    Is there anything else that needs to be done in order for the schools to send financial aid packages?
    •  
  2. 4 Comments

  3. by   LPMRN
    I would apply ASAP. You can list more than 1 college on the application. If you apply online you should get your results back in 1 - 2 days.
  4. by   Asherah
    Please see this link for all of the fed/state deadlines, and keep in mind that each state has its own deadline for any state granted aid. Most importantly, they make sure to mention that "Remember to apply early because funds may be depleted prior to the deadline dates." If you haven't completed your taxes for 2006 yet (which most of us haven't), then they give you an option for estimation and you can go back and correct after the fact upon filing your tax return.

    FAFSA - Free Application for Federal Student Aid

    In terms of applying before you are accepted, all you need to do is indicate all three schools on your FAFSA and you're covered.
    Last edit by Asherah on Jan 10, '07
  5. by   Ctobes22
    The only problem is, if you worked at all over the past year, you need to wait to get your W2 forms from your employee before you can complete the FAFSA form. They are required to send them to you sometime in this month.. I'm in the same situation as you!


    Quote from LPMLPN
    I would apply ASAP. You can list more than 1 college on the application. If you apply online you should get your results back in 1 - 2 days.
  6. by   Asherah
    Quote from Ctobes22
    The only problem is, if you worked at all over the past year, you need to wait to get your W2 forms from your employee before you can complete the FAFSA form. They are required to send them to you sometime in this month.. I'm in the same situation as you!
    Actually, you don't have to wait, because as I posted earlier...the FAFSA allows you to estimate your AGI (adjusted gross income) which is what they use when calculating your income, assets and EFC (expected family contribution). This number can easily be calculated by using information found on the last paystub(s) of the calendar year. Then, after you do file, you can go back and make adjustments accordingly.

    I personally would not wait...they allow individuals to make adjustments, they plan on the fact that many people have not filed their taxes yet and are still waiting for W2s.

close