Parent Fafsa Form 2015-2016: Fill & Download for Free

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PDF Editor FAQ

If I am 24, can I file for financial aid without my parents, and what if my parents want to claim me on their taxes? How would that impact my ability to do my taxes?

I have no special knowledge regarding the FAFSA, but I read the form and instructions. For the 2015-2016 FAFSA, if you were you born before January 1, 1992 you it seems you do not need to include information about your parents. Page on ed.govWhether your parents claim you as a dependent on their federal income tax return is a separate issue. The FAFSA is irrelevant in making that determination.Also, if your parents claim you as a dependent you will not be able to claim it yourself.

Do you have to fill out your FAFSA, have your essay done, and have your SAT scores before you apply to colleges?

I’m going to address the financial aid issue. I don’t agree with the advice you are getting here.FAFSAAs of October 1, 2016 you can file for financial aid for the school year 2107–18. Some aid is first-come-first-server. My advice is to file your FAFSA immediately. That’s the bad news.Now the good news. Delegate this task to your parents. The major input to the FAFSA is the data from their 2015 tax return. Encourage them to use the FAFSA website. (The website is very good, unlike other government websites. There are books in the library and other websites that explain how to file out the FAFSA forms. Your guidance counselor probably has some materials.)If they haven’t started, your parents need to be working on a financial plan now.Other AidThe FAFSA is the gateway to most financial aid, however there are exceptions. Some states provide financial aid directly and that requires an additional form. Your high school guidance counselor SHOULD know this. If you have any doubts, Google “[state] college financial aid.”Some colleges provide direct financial aid that requires an additional application. Check with your schools’ financial aid offices.CSS/ProfileSome colleges require the CSS/Profile.PROFILE Participating Institution (Remote)You access this form through the College Board. You should register at CSS/Financial Aid PROFILE at least two weeks before the earliest college or scholarship priority application date you need to meet. This date is the college or program’s deadline for submitting a completed PROFILE application.Once you register, you can complete the PROFILE application right away or save your data and return to it later. Just be sure to complete and submit the application by the deadlines your colleges or scholarship programs specify.ConclusionThe reason you are feeling lost is because this is very complicated. Applying for college, selecting a school, making a financial plan, determining a marketable major, etc. is a major project with lots of to-do’s and deadlines. You need help from an adult who understands project management. Get your parents involved.Here’s a book that should be available at your library that can help: “Right College, Right Price.”

How do I file taxes and how would I file them into my FAFSA?

First, if you don’t have any income now you don’t need to file taxes. Don’t worry about next year at this time.If you applying for financial aid then you fill out a FAFSA. If you will be attending college in the Fall you are overdue to file FAFSA. You will want to do that now.For FAFSA, first you and one parent should each get a FSA (Federal Studetn Aid) ID and save your login and password as you will need it each year:https://fsaid.ed.gov/npas/index.htmAfter a couple of days you will be able to fill out FAFSA. The student and the parent each fills out their section. If you have no income your section is easy. For the parent section, the parent will use 2015 taxes to fill it out. Here are all the steps to filling it out, including getting the FSA ID.Filling Out the FAFSAFor the 2017–18 school year, you will again use 2015 income figures. This is a one time repition. For 2018–19 use 2016 income. For 2019–20 use 2017 income.Starting this year, the new schedule is that FAFSA will open in October. So sometimes after October, and before you college’s deadline (often Jan to Mar), fill out the FAFSA again. Not much will change this time, because as a one time thing, you will again use your own ;zero’ 2015 income and your parent will use family 2015 income. The only thing that will change is your assets. You report bank accounts and investments as of the day you file.Now if you get a job, you will likely file a 1040EZ form. Very simple. You will get the income statement from your employer by Jan 30 of each year. You should file by April. If you get awarded federal work-study and earn that way, you report that on the FAFSA so you don’t get it counted against you. Regular income may be counted toward your EFC but you have to earn more than 6 thousand a year for it to affect aid. Money in your bank account does affect your aid. Student savings is assessed at 20% but parent savings is assessed at only 6%.I want to add something important. If you taxes are already filed, you can import the data from your tax forms into the FAFSA using the DRT (Data Retrieval Tool). Schools like to see this done as they them know the data matches your taxes. So if you have to enter preliminary, non-final taxes to meet a deadline, do the DRT after you file your taxes. It is usually available for use after a few weeks.Filling Out the FAFSA

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