The Ultimate Checklist: Essential Parent Information Needed for FAFSA
For many students and parents, filling out the Free Application for Federal Student Aid (FAFSA) can be a daunting task. The process can be complex, with many rules and requirements that need to be followed. To help you get started, we’ve put together a checklist of essential information that you’ll need to have on hand when applying for FAFSA.
1. Basic Information
The first step in completing the FAFSA is to provide some basic information about yourself and your family. This includes your Social Security number, date of birth, and information about your parents (if you’re considered a dependent student). You’ll also need to provide information about your income, assets, and any untaxed income you’ve received.
2. Tax Information
One of the most important pieces of information you’ll need to include on the FAFSA is your tax information from the previous year. This includes your federal tax return, W-2 forms, and any other records of income you’ve received. If you haven’t filed your taxes yet, don’t worry – you can estimate your tax information based on your previous year’s income and update it later once you’ve filed your taxes.
3. Financial Information
In addition to tax information, you’ll need to provide information about your financial situation. This includes any bank statements, investment records, and other financial documents that show your income and assets. You’ll also need to provide information about any debts you have, such as credit card balances, car loans, or mortgage payments.
4. School Information
To complete the FAFSA, you’ll need to provide information about the schools you’re applying to or attending. This includes the name and address of the school, as well as your intended major and degree program. You’ll also need to provide information about your enrollment status, such as whether you’re a full-time or part-time student.
5. Additional Information
Finally, there are a few additional pieces of information you’ll need to provide when filling out the FAFSA. This includes information about any scholarships or grants you’ve received, as well as any military benefits or veterans’ education benefits you’re eligible for. You’ll also need to provide information about any special circumstances that may affect your financial situation, such as a death in the family or a job loss.
By following this checklist and ensuring that you have all the necessary information on hand, you’ll be well on your way to completing the FAFSA. Remember, the FAFSA is an important tool that can help you access the financial aid you need to pay for college, so it’s important to take the time to fill it out carefully and accurately.
Good luck!
