{"id":133228,"date":"2016-10-03T14:10:28","date_gmt":"2016-10-03T18:10:28","guid":{"rendered":"http:\/\/www.indianatech.edu\/?post_type=news&p=133228"},"modified":"2020-02-11T15:26:39","modified_gmt":"2020-02-11T20:26:39","slug":"students-parents-learn-newly-implemented-changes-fafsa-process","status":"publish","type":"news","link":"https:\/\/www.indianatech.edu\/news\/students-parents-learn-newly-implemented-changes-fafsa-process\/","title":{"rendered":"Students and parents: Learn about newly implemented changes to the FAFSA process"},"content":{"rendered":"

If you will be a collegiate freshman to begin the 2017-18 academic year, review the changes to the FAFSA process below. It could improve your chances of receiving grants and aid.<\/h2>\n

PRIORITY ONE:<\/strong> Because of a change implemented this year, you can complete your Free Application for Federal Student Aid (FAFSA) beginning Saturday, Oct. 1, 2016. In past years, the FAFSA filing season has started in January. The Department of Education is changing the filing schedule to align financial aid applications with the college admissions season.<\/p>\n

Advice from Indiana Tech\u2019s Financial Aid Department:<\/strong> This schedule change, first announced in September 2015, can help high school seniors make better decisions on where they\u2019d like to attend college based on the financial aid offers they receive from schools. It\u2019s possible some awards letters could arrive a little earlier in the decision-making process. We urge you to take advantage of this new Oct. 1 filing schedule as some financial aid is offered on a first-come, first-served basis. If you wait too long, you could miss out.<\/p>\n

ANOTHER BIG CHANGE:<\/strong> To complete FAFSAs moving forward, you will need to use your federal tax return data from two years before the academic year you are filing for. You may hear it referred to as the \u201cprior-prior\u201d year. Simply put: To complete a FAFSA for the 2017-18 academic year, you will use your 2015 federal tax return. If you are completing a FAFSA for the 2018-19 academic year, you will use your 2016 federal tax return.<\/p>\n

Advice from Indiana Tech\u2019s Financial Aid Department:<\/strong> When completing your FAFSA, make use of the Internal Revenue Service\u2019s Data Retrieval Tool. When your tax information is filed with the IRS, this tool will automatically fill in your FAFSA with the appropriate information.<\/p>\n

PREPARE TO COMPLETE YOUR FAFSA:<\/strong> By filing close to October, high school seniors would know earlier about their expected family contributions, as well, which should be useful as they weigh options to figure out where they can afford to go to school.<\/p>\n

Advice from Indiana Tech\u2019s Financial Aid Department:<\/strong><\/p>\n