Earning a college degree is a great way for Hoosiers to advance along the path to a successful career. But the costs of college can be high. Fortunately, there are various forms of financial aid to help offset those costs. All students, regardless of income level, who plan to attend college need to complete a Free Application for Federal Student Aid form. In order to determine eligibility for federal financial aid, college students need to file this form every year.
This year’s 2017-18 FAFSA application period opened on Oct. 1, which is three months earlier than previous years. This allows additional time for both students and parents to make sure the forms are turned in on time for the March 10 deadline and all information is correct.
To simplify data collection when completing the application, the tax information you provide will be from your last tax filing. For example, when completing FAFSA in the coming months for the 2017-18 academic year, you will use information from your 2015 tax return, which was completed and filed with the IRS by April 2016. Previously, the most recent tax year’s information was required even though the actual tax return for that year may not have been filed yet with the IRS. Using tax information from a year earlier means many families can use the IRS’ Data Retrieval Tool, which automatically fills in the online form with the necessary tax information. This can help eliminate mistakes and delays in the process.
The new rules aim to alleviate the time crunch felt by many and decrease the chance of error when filling out the FAFSA.
With the college application season in full swing, now is a great time to visit www.fafsa.ed.gov and fill out the federal aid application. Please contact me with any questions or input at 317-232-9651 or by email at firstname.lastname@example.org. Learn more about the work being done at the Statehouse by signing up to receive my email updates at www.in.gov/h73.
State Rep. Steve Davisson represents House District 73, which includes Washington County
and portions of Orange, Lawrence, Jackson, Clark and Harrison counties.
A high-resolution photo of Davisson can be downloaded by clicking here.