This Year FAFSA season comes early! Don’t miss out on aid, complete the 2017/2018 FAFSA on October 1, 2016.
On Sept. 14, 2015, President Obama announced significant changes to the Free Application for Federal Student Aid (FAFSA®) process that will impact millions of students. Starting with the 2017–18 application cycle, the following changes will be put in place:
- Students will be able to submit a FAFSA® earlier. Students will be able to file a 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling students to complete and submit a FAFSA as early as October 1 every year.
- Students will use earlier income information. Beginning with the 2017–18 FAFSA, students will be required to report income information from an earlier tax year. For example, on the 2017–18 FAFSA, students (and parents) will report their 2015 income information, rather than their 2016 income information. This means that taxes should be complete when the FAFSA becomes available.
If you’d like more details about the upcoming changes, please review the following
- And the fact sheet called College Students and Parents: What You Need to Know About the 2017–18 FAFSA®.
Make sure that you are ready for the upcoming aid year by taking the following actions;
- Keep an eye on your Satisfactory Academic Progress so you can maintain your aid!
- Stay on top of your loan debt through the National Student Loan Data System.
- Receiving outside aid or scholarships? Be sure to report them through your myFSU Student Central so that the Office of Financial Aid is aware.
- Be aware of how much outside aid you're receiving so you aren't at risk of Over-Awarding.
- Refresh your memory of the Financial Aid Terms and Conditions.
- Withdrawing, officially or unofficially - be aware of how that can affect your Financial Aid and the consequences it may have on future eligibility