What tax year is used for financial aid?

Paying for College
1

<p>I will be applying to college next year.</p>

<p>When applying for financial aid, which tax returns will be used?

  1. 2010
  2. 2011</p>
2

<p>If you are applying for the 2012-2013 school year it will be based on 2011 income. (though if you were in school Spring 2012 that would be part of the 2011-2012 year so would be based on 2010).</p>

<p>You will have to reapply for aid every year using the most recent tax information.</p>