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A mistake on your FAFSA can delay the processing of your application by up to three weeks. Consider this statistic, one in seven FAFSA forms is returned do to errors. It can happen to you and it can result in your being denied student aid due to lack of funding.
Common mistakes when filing your free application for federal student aid (FAFSA)
The most frequent mistake when applying for student aid is to leave a field blank. If the answer is zero or does not pertain to you, write in a zero. Leaving a question blank can lead to the processor assuming that you forgot to answer. This can result in the FAFSA being returned to you and delaying student aid you desperately need.
Use the 1040 federal tax return for income reporting and reporting taxes paid when filing for student aid. Some parents and students accidentally use their W-2 form.
When applying for student aid, don’t forget to report all the required sources of untaxed income. This includes Social Security, Child support, and Aid to Dependent Children.
Report your correct marital status. You must be married before the date you sign your FAFSA.
Include yourself in household size. Even if you didn’t live there during the previous year, you should always include yourself in your parent’s household.
Remember to file on time. Priority for programs with limited student aid funds is often given to students who file FAFSA as soon after January 1st as possible.
Don’t forget to sign the application. If you’re filing FAFSA as a dependent both you and your parent must sign. If you file online you can sign the form electronically using your PIN numbers.
On the paper FAFSA, make sure to follow instructions regarding pen or pencil use.
As with all forms and applications, make sure you read the instructions and questions carefully. If you’re unclear about a question or are having trouble filling out the FAFSA, check out the FAQ section on the FAFSA website. Or call the Federal Student Aid Information Center at 1-800-4-FED AID.
To avoid these errors and any complications regarding student aid that may arise from them, always get started early. Be sure to read your student aid application before you submit it. Fill it out right the first time, and you will have your Student Aid Report (SAR) letter in no time.