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Filling Out the FAFSA® Form Creating an Account. Gathering the Documents Needed to Apply. Getting Help. Starting Your FAFSA® Form and Providing Your Basic Personal Information. Listing Colleges and/or Career Schools. Determining Your Dependency Status. Reporting Parents' Information. Providing Financial Information.
File the FAFSA to Get More Money in College File the FAFSA early. ... Minimize income in the base year. ... Reduce reportable assets. ... Save strategically. ... Spend strategically. ... Coordinate 529 college savings plans with the American Opportunity Tax Credit (AOTC). ... Appeal for more financial aid.
FAFSA Questions #83-84 Parents Income Information Answer the questions whether or not a tax return was filed. This information may be found on the W-2 forms or by adding up the following items: IRS Form 1040?line 1 (or IRS Form 1040-NR ? line 1a) + Schedule 1?lines 3 + 6 + Schedule K-1 (IRS Form 1065)?Box 14 (Code A).
Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.
Some deadlines fall as early as the summer between 11th and 12th grades, so prepare now to submit applications soon. Find out what government financial aid you can apply for, and how, in Do You Need Money for College or Career School? Apply for Federal Student Aid.