Tuesday, July 3, 2012

When should I apply for federal financial aid?

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When should I apply for federal financial aid? Video Clips. Duration : 1.52 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Tax Return Estimator . Students apply for financial aid during their senior year in high school, and most will reapply each year after that for as long as they plan to continue on in college. The FAFSA is available every year beginning January 1st. We encourage students to apply as soon after January 1 as possible in order to be considered for all federal aid programs, as some may have limited funds. The FAFSA is going to ask questions about earnings for the previous year and questions from federal income tax returns. In order to file early, you can estimate your earnings on the FAFSA, even if you or your have not yet filed your federal income tax return. If you give estimated tax information on your FAFSA in order to file early, you may need to make corrections to your FAFSA once your taxes are filed. Prior to January there are two resources that you can use to plan ahead if you would like an estimate of your financial aid eligibility. FAFSA4caster is an optional web application for families that want a preview of their potential federal aid eligibility. It can be found on the FAFSA website, www.fafsa.gov. There is also a Financial Aid Estimator on the Student Financial Aid homepage that will give you both an estimate of your financial aid eligibility and also includes estimates of BGSU scholarships. Both of these options are helpful for potential students who are still exploring their college options. sfa.bgsu.edu
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