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    FAFSA Checklist FY23

    Uploaded by

    Lyon Huynh
    This document provides a checklist for filling out the Free Application for Federal Student Aid (FAFSA). It begins by explaining that students must determine if they are dependent or independent, and lists criteria for each status. All students need to collect their FSA ID and tax/financial information. Dependent students also need to collect the same information for their parents, including tax forms and details on savings, investments, businesses, child support, and federal benefits. The document concludes by noting situations where additional information may need to be reported.

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    FAFSA Checklist FY23

    Uploaded by

    Lyon Huynh
    24 views2 pages
    This document provides a checklist for filling out the Free Application for Federal Student Aid (FAFSA). It begins by explaining that students must determine if they are dependent or independent, and lists criteria for each status. All students need to collect their FSA ID and tax/financial information. Dependent students also need to collect the same information for their parents, including tax forms and details on savings, investments, businesses, child support, and federal benefits. The document concludes by noting situations where additional information may need to be reported.

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    This document provides a checklist for filling out the Free Application for Federal Student Aid (FAFSA). It begins by explaining that students must determine if they are dependent or independent, and lists criteria for each status. All students need to collect their FSA ID and tax/financial information. Dependent students also need to collect the same information for their parents, including tax forms and details on savings, investments, businesses, child support, and federal benefits. The document concludes by noting situations where additional information may need to be reported.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    24 views2 pages

    FAFSA Checklist FY23

    Uploaded by

    Lyon Huynh
    This document provides a checklist for filling out the Free Application for Federal Student Aid (FAFSA). It begins by explaining that students must determine if they are dependent or independent, and lists criteria for each status. All students need to collect their FSA ID and tax/financial information. Dependent students also need to collect the same information for their parents, including tax forms and details on savings, investments, businesses, child support, and federal benefits. The document concludes by noting situations where additional information may need to be reported.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    u-aspire Follow these steps to fill out the Free Application for Federal Student Aid

    FAFSA (FAFSA) each year to apply for most types of financial aid.
    CHECKLIST
    1 Determine if you are an independent or dependent student.
    Independent student: only report information about yourself and not your parent(s)
    Dependent student: report information about yourself and your parent(s) — most common
    You are an independent student if at least one of the following is true about you:

    You will be 24 years of age or older as of Jan 2024


    You were a ward of the court at any point after age 13
    You have a child or other dependent for whom you
    You are married (but not separated or divorced)
    provide the majority of financial support
    You are homeless or at risk of being homeless
    You have a court-ordered legal guardian who
    Your parents are incarcerated or deceased
    is not your biological or adoptive parent
    You are currently on active duty or are
    You were in foster care at any point after age 13
    a veteran of the U.S. armed forces

    If none of the above apply, you’re a dependent student. If special circumstances prevent you from
    providing parental information, contact your college financial aid office.
    2 All students need to collect the following information
     Student FSA ID (username and password)
     Picture or copy of your social security card (if applicable)
     Picture or copy of your green card (if applicable)
     Your 2022 federal tax forms (if applicable)
     Total current amount in your checking and savings accounts: $
     Net worth of your investments: $
     List of colleges you will apply to or current college you will continue attending
    3 If you’re a dependent student, collect this info for your parent(s). If your parents are
    divorced/separated, include info about the parent who provides the majority of your
    financial support. If that parent is remarried, include your stepparent.
    GENERAL INFORMATION
     FSA ID for one or both parents
     PARENT 1  PARENT 2
    Full name (same as FSA ID):
    Date of birth:
    Social Security number or ITIN:
    Email address:
    TAX INFORMATION
     2022 federal tax forms (1040 and all schedules)
     If 2022 taxes were not filed, what was the reason?
    FINANCIAL INFORMATION
     Total current amount in checking and savings account(s): $
     Net worth of current stocks, bonds, mutual funds, 529 plans, etc.: $
     Net worth of investment/rental property/rented portion of your home: $
     Net worth of parent-owned business(es) and/or family farm(s): $
     Amount of child support received in the past year for all children: $
     Federal benefits (SNAP, WIC, TANF, etc.) received in 2022/2023:
    Certain situations may impact how you report information on the FAFSA. Contact your
    college(s) if:
     Your family’s income has significantly changed since 2022 or after submitting your FAFSA
     You and your family are homeless or at risk of becoming homeless
     Your parent’s marital status has changed since 2022
     You have concerns about your or your parents’ citizenship status
     Other major life/financial changes have occurred recently

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