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File FAFSA as soon as its available ... will go from 118 questions to 36 questions because instead of applicants answering questions about parents’ taxes, there will be automatic tax data ...
The old tool excluded certain tax filing statuses. ... The student is responsible for filing the FAFSA, though if the student is a dependent, his or her parent must also sign the form.
The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its
The FAFSA filing deadline for Michigan tuition grant and competitive scholarship aid for the 2024-25 academic year is May 1. ... the 2024-25 FAFSA is based on 2022 income and tax information, not ...
Since FAFSA formulas assume 20% of a student's assets can be used for college expenses as opposed to 6% of a parent's assets, advisors recommend moving funds from student to parent accounts before filing the FAFSA, including moving funds to a parent-controlled 529 plan tax-advantaged account. [87] Filing taxes early is recommended, but using ...
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
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