Delay of 2012 tax returns - implications for FAFSA

sahp2kids
Thu, 17 Jan 2013 09:48:25 +0000

First time filer of all these FA forms. To clarify terminology: verification here refers to the IRS date retrieval system or something else, like submitting actual tax forms?

Also, if you have a FAFSA or CSS deadline of February 1, is it ok if they are submitted as 2012 “tax returns will be filed” as opposed to “have filed?”

We don’t have significant year to year change over 2011 returns that we used to estimate our 2012 numbers when doing first round submissions.

Does everyone have to go through “verification.” If not, is it generally low EFC that would be combed over b/c they are eligible for more federal dollars? Do they really need to ask for statements and returns if you’re not getting much more than unsubsidized Stafford or eligible for parent plus loans?