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Here is the complete list of Fafsa Student Aid Requirements

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Here is the complete list of Fafsa Student Aid Requirements
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Here is the complete list of Fafsa Student Aid Requirements: Complete the FAFSA if you need college financial aid. The 2023–24 FAFSA form is now accessible at fafsa.gov. Having everything you need before starting the FAFSA makes it easier. These items will help you fill it out.

Here is the complete list of Fafsa Student Aid Requirements

Your FSA ID

  • Register for an FSA ID, your account username and password. FSA IDs are digital legal signatures that let you complete and update the FAFSA form, so create and secure one.
  • Parents of dependent students must use their own FSA ID to file FAFSA.
  • We recommend creating your account before completing the FAFSA. It can take up to three days to use your FSA ID, so this extra step can avoid delays.

Important: Never create an FSA ID for someone else. This includes parents. Students should not create FSA IDs for their parents or vice versa. It may cause FAFSA form signing and submission issues and financial aid delays. There are also rules against it.

Your SSN

  • Your SSN is on your Social Security card. Contact the Social Security Administration to request a new or replacement SSN card if you do not have access to it or know its location.
  • You’ll need your Alien Registration number if you’re not a U.S. citizen but meet other federal student aid requirements. The FAFSA requires this information from parents and students.

Driving License Number

  • You must enter your driver’s license on FAFSA.
  • If you don’t have a driver’s license, skip this step.

Federal Income Tax Return

You (and your parents, if dependent) will report your 2021 income on the 2023–24 FAFSA.

The IRS Data Retrieval Tool may allow you to transfer your 2021 income tax return to the FAFSA form immediately since you probably filed it by then.

  • Not everyone can use IRS DRT.
  • The IRS DRT does not enter all FAFSA financial information. Therefore, keep your 2021 tax return and IRS W-2 for reference.

The IRS DRT is the fastest, most accurate way to enter tax return data into FAFSA. The IRS DRT tax return information you transfer will not appear on fafsa.gov due to security and privacy concerns. Instead, fafsa.gov displays “Transferred from the IRS” in the appropriate fields.

Do not use your 2022 tax information. We understand that 2021 income may not reflect your current financial situation for some families. If your income dropped since 2021, complete the FAFSA with 2021 tax information.

Contact your prospective school and explain and document the income change. School officials can evaluate your situation and adjust your FAFSA form. After filing your 2022 tax return, you cannot update your 2023–24 FAFSA. The 2023–24 FAFSA needs 2021 data.

Untaxed Income Records

You may answer FAFSA questions about untaxed income like child support, interest, and veterans’ non education benefits. When asked, report 2021 tax or calendar year information on the 2023–24 FAFSA. Find details on parent and student untaxed income.

Money Asset Records

This section includes savings and checking account balances and investment values like stocks, bonds, and real estate (excluding your primary residence). Instead of 2021 tax year amounts, report the current amounts as of the FAFSA form date.

Note: Misreporting investment values is a common FAFSA form error. Check the definitions of student and parent investments to avoid over- or under-reporting. What can and cannot be excluded may surprise you.

List of Schools You Want to Attend

  • Add any college you’re considering, even if you haven’t applied or been accepted.
  • List the college on your FAFSA even if you’re unlikely to apply. If you decide not to apply, you can remove a school later, but if you wait, you may lose financial aid.
  • The schools you list on your FAFSA will receive your results electronically. FAFSA information determines financial aid types and amounts.
  • It’s OK to add a school to your FAFSA form but not apply. The school probably won’t help until you’re accepted.
  • Up to 10 schools can be listed on FAFSA. What to do if you’re applying to over 10 schools.
  • TIP: Some states require schools to be listed in a specific order for state aid consideration. State schools may be listed first. Check if your state has a requirement for the order of schools listed on your FAFSA.

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