CHANGES TO THE FAFSA APPLICATION DATE PRIOR-PRIOR-YEAR.

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Presentation transcript:

CHANGES TO THE FAFSA APPLICATION DATE PRIOR-PRIOR-YEAR

Former Process and Timing for FAFSA Filing 2016

2016 2017 2018 Former Process and Timing for FAFSA Filing 2016 Earning information/taxes determines need based eligibility for the 2017-2018 award year

2016 2017 Former Process and Timing for FAFSA Filing January 1, 2016 FAFSA available for 1617 2016 2017 April 15, 2016 Tax Day

Peak FAFSA Filing Period Former Process and Timing for FAFSA Filing January 1, 2017 FAFSA available for 1718 April 15, 2017 Tax Day 2016 2017 Peak FAFSA Filing Period

2016 2017 Process for Applying for Financial Aid January 1, 2016 FAFSA available for 1718 April 15, 2017 Tax Day 2016 2017 Peak FAFSA Filing Period FAFSA Corrections

FAFSA filed and EFC determined for the 2017-2018 award year. Former Process and Timing for FAFSA Filing 2016 2017 2018 FAFSA filed and EFC determined for the 2017-2018 award year.

Updates to the FAFSA Earlier Opening Date Prior-Prior-Year (PPY)

Current Process and Timing for FAFSA Filing 2016

2016 2017 Current Process and Timing for FAFSA Filing January 1, 2016 April 15, 2017 Tax Day 2016 2017 October 1, 2016 FAFSA available for 1718

2016 2017 Current Process and Timing for FAFSA Filing October 1, 2016 FAFSA available for 1718 April 15, 2017 Tax Day 2016 2017 An October 1 open date prohibits using earning/tax information from 2016

2016 2017 2018 Current Process and Timing for FAFSA Filing October 1, 2016 FAFSA available for 1718 2016 2017 2018 An October 1 open date prohibits using earning/tax information from 2016

Prior-Prior-Year 2016 2015 2017 2018 EARNING AND TAX INFORMATION FROM 2015 WILL BE USED TO DETERMINE EFC FOR 1718

TAXES ALREDY COMPLETED, FILED AND PROCESSED BY THE IRS Prior-Prior-Year 2016 2015 2017 2018 TAXES ALREDY COMPLETED, FILED AND PROCESSED BY THE IRS DATA RETREIVAL TOOL ON FAFSA AUTOMATICALLY PULLS THE 2015 TAX INFORMATION AND ENTERS IT ON THE 1718 FAFSA

TAXES ALREADY COMPLETED, FILED AND PROCESSED BY THE IRS Next Year… 2017 2016 2018 2019 TAXES ALREADY COMPLETED, FILED AND PROCESSED BY THE IRS

Q & A