FAFSA Help! What to do?

thumper1
Sun, 08 Jan 2012 12:01:44 +0000

You can complete the FAFSA using the best estimates you can muster up…and then amend the FAFSA when your taxes are completed ASAP after Feb 1.

Or you can just wait IF the school deadlines are early Feb.

The most important thing to do is look at the school deadlines. If any of them are before you get your taxes done, you really MUST do an estimated one.

Also be aware that some forms of need based aid have limited funding per school. Perkins Loans, Federal Work Study and SEOG (for example) have limited amounts of funds per school and are awarded on a first come/first served basis. The estimated FAFSA done now will get your child in the queue for these, if you have financial need.