Financial Aid emergency question

thumper1
Sun, 13 Dec 2009 10:39:00 +0000

it sounds like we should do our 2009 taxes right now.



Actually, those are the current taxes and can be done in January or early February.

You had also indicated that you hadn’t done your 2008 taxes and those weren’t due until December 15, 2009. THOSE are the ones you probably should get done ASAP…and then those 2009 taxes…well…just don’t wait until December 2010 to do them. Get them done as soon as reasonably possible.

As mentioned above, you will do the FAFSA and (if required) the Profile using estimates. You will indicate “will file” on both. Submit them keeping to the deadlines for each college (check each college’s website as the deadlines vary). THEN once you complete your 2009 taxes…for the FAFSA you will go online, and amend the FAFSA to reflect the numbers on your 2009 taxes, and change the filing status to “taxes completed”. For the Profile…when you complete it, make sure you print out a copy for yourself. In our experience, that one is copied…and then the corrections are made by writing them in and sending them to the college. You could contact the financial aid department at any Profile school and find out exactly how they want you to amend the Profile. That cannot be done online.

Unless I misread your post, you were indicating that your taxes for a year didn’t HAVE to be filed until the following December 15th (so for 2008 taxes…they are due Dec 15, 2009). Personally I think you should do your best to complete those taxes earlier. OR contact the colleges to see what to do if you will not have the information you need to file earlier. You are not the only expat out there who has these issues.