There are plenty of financial aid mistakes that you can make, here are eight to avoid: 1.
Assuming you can’t file the FAFSA or PROFILE without a completed 2012 income tax return.
The priority deadline to submit your FAFSA application to UTSA for fall applicants is March 15.
If you wish to be awarded for the summer, you must have a Summer Application submitted in addition to completing the FAFSA.
Dependent students who marry later in 2016, have an opportunity to update their marital status on FAFSA to better reflect their current ability to pay.
Therefore, report your marital status as of the day you submit the FAFSA.When you submit your FAFSA it will be rejected by the federal processor, but that’s okay.We will watch for the new FAFSA transaction and will do a comparison of your financial aid eligibility before and after you made the changes.Any one seeking financial aid must complete the FAFSA.About 20 percent of private colleges and universities and a handful of state flagships also require the PROFILE, which is a longer and more intrusive document.Since it’s financial aid season, I will be sharing some posts on this important topic this month.Today we’re going to look at some mistakes parents make involving the Free Application for Federal Student and the CSS/Financial Aid PROFILE.If your 2015 income is similar to your 2014 income, use your 2014 tax return to provide estimates for questions about your income.If your income is not similar, use the Income Estimator for assistance estimating your adjusted gross income, and answer the remaining questions about your income to the best of your ability.parent complete a application without at least one mistake.Now that’s depressing and it can also be costly if you insert even one error in a financial aid form.You must return to update the estimates you provided with your 2015 tax return information once you file.To update your estimates, click Make FAFSA Corrections after logging in to .Background on Federal Policy Instructions for Dependent FAFSA Applicants Getting Married What to Expect After You Update Your FAFSAProcessing Timeframes Verification of FAFSA Applications Calculate your EFC Name changes: We recommend that you NOT change your name on the FAFSA yet (if you have legally changed your name) unless you have a Social Security Card in your possession that has your new name on it.