Completing the FAFSA is Five Easy Steps (2024)

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Senior year is full of excitement, milestones, and trepidation: College visits, the first acceptance letter, are all exciting firsts. Choosing the right college is nerve racking and exciting., Completing the Free Application for Federal Student Aid (FAFSA) can be a cause for dread and stress, but it does not have to be. Students’ planning to attend college should complete the FAFSA application even if they believe they will not qualify for federal aid. Many scholarships and institutional aid are dependent on FAFSA completion. Furthermore, if circ*mstances change and an appeal is warranted having a FAFSA on file makes that process go much more smoothly. Below is five steps to successfully complete the FAFSA and a few pro tips to keep in mind.

1. Create the FSA ID. Both the student and a parent will need an FSA ID. The FSA ID is the username and password and is used to electronically sign the FAFSA. The FSA ID can only be attached to one email; therefore, the student and parent should not try to use the same email address to create an FSA ID. (Pro Tip: Students do not use your school email address to create your FSA ID because you will lose access to that email quickly after graduation). Keep your FSA ID and password someplace safe.

2. Gather your materials. Things needed: income information, social security numbers, demographic information for parent(s) and student.

3. Go to https://studentaid.gov/h/apply-for-aid/fafsa to complete the FAFSA.

Pro Tips:

  • a. Using the data retrieval tool cuts down on the possibility of mistakes and is quick and easy.
  • b. The FAFSA can be sent to 10 schools. OSU’s school code is 003090.
  • c. If you wish to add a school after the FAFSA has been sent you can do that. Just wait until the first submission has been accepted. Then log back into the FAFSA and make your addition.
  • d. Do not pay an outside agency to complete the FAFSA. Contact the schools financial aid office for support

4. Sign and Submit- only one parent needs to sign the FAFSA.

5. Follow up- watch your email for confirmation the FAFSA has been accepted. Most colleges and Universities have a priority deadline. It is important to complete the FAFSA prior to the deadline, The Ohio State University’s priority deadline is February 1. Often institutional aid is dependent on an on-time FAFSA. The Free Application for Federal Aid uses prior prior year data, if there has been a significant changes in circ*mstances, please contact the Financial Aid office of the chosen institution for appeal options. In 2021, students left 3.75 billion of Pell Grant money on the table by not completing the FAFSA, do not be one of those students.

Completing the FAFSA is Five Easy Steps (2024)

FAQs

What is the easiest way to complete your FAFSA? ›

Online applications are easier to complete than the paper application because they use skip-logic to only ask relevant questions. In addition, online applications will be processed faster and will likely be more accurate because the FAFSA website is designed to catch common errors.

What are the 5 steps of how financial aid works? ›

How to pay for college: A 5 step guide to financial aid
  • Step 1: Complete the FAFSA. ...
  • Step 2: Apply for college scholarships. ...
  • Step 3: Estimate and compare your total costs. ...
  • Step 4: Determine if you need additional money. ...
  • Step 5: Explore additional financing options.

What are 5 tips for filling out the FAFSA? ›

7 Tips for Filling Out the FAFSA
  • Ensure that your school and program are FAFSA-eligible. ...
  • Determine your dependency status. ...
  • Collect all required information and documents. ...
  • Start your FAFSA application early. ...
  • Review all information before submitting. ...
  • Ask for help if needed.
Feb 6, 2024

How many steps are in FAFSA? ›

Financial Aid - 8 Steps to Filling out the FAFSA.

Can you complete the FAFSA in one day? ›

Most people take less than an hour to complete and submit a new Free Application for Federal Student Aid (FAFSA®) form. This includes gathering any needed documents or data, completing and reviewing the application, and reading the important information on the "Confirmation" page.

What is the most common mistake made on the FAFSA? ›

Not filling it out early enough

Not filling out the FAFSA® as early as possible is one of the most avoidable financial aid mistakes. Some financial aid is first-come, first-served, so complete the FAFSA® as soon as it opens (on or before December 1 for AY 2025-26). If needed, you can make changes later.

What is the FAFSA for dummies? ›

The FAFSA is the official form that students or their families use to apply for financial assistance for college from the federal government. States, individual colleges and universities, and private scholarship programs rely on the information provided in the application as well.

Is FAFSA free money or a loan? ›

It is not the financial aid itself. However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid. There are three main types of financial aid.

What does FAFSA look at? ›

It is based on the parents' and student's income and assets. Filing the FAFSA is an annual event for families of college students, starting in fall of senior year of high school.

How to beat the FAFSA? ›

Basic Principles
  1. Reducing income during the base years.
  2. Reducing “included” assets. ...
  3. Increasing the number of family members enrolled in college and pursuing a degree or certificate at the same time.

How can I make my FAFSA easier? ›

Complete the FAFSA early

Since several schools now award aid money on a first-come, first-served basis – until funds are depleted – it's recommended that you file as early as possible. Many families file their taxes first and use them as easy references while completing the FAFSA.

How difficult is FAFSA? ›

Nearly all students who apply qualify for some form of federal financial aid. "It's very easy to qualify for aid based on the FAFSA," Barnett says. For years, filling out the FAFSA was a confusing, complex process for families. However, the FAFSA was streamlined for the 2024-2025 award year.

Do I have to answer all FAFSA questions? ›

If you're completing the FAFSA form on paper, the instructions will guide you towards which questions are required. If you're an independent student, you don't need to provide parental information and may skip the questions about parent household and finances.

How long does it take to finish FAFSA? ›

How long will it take? It takes most people less than one hour to fill out the FAFSA form, including gathering any personal documents and financial information needed to complete it.

How do I get help filling out the FAFSA? ›

To contact FAFSA, call toll free 800.433. 3243 Monday through Fridays up to 9 p.m. Pacific Time and extended hours on the weekend — or 319.337. 5665 if you don't have access to toll-free numbers (TTY 800.730. 8913).

What is the quickest and most accurate way to file a FAFSA? ›

The easiest, fastest, and most accurate way to complete a FAFSA form is using the online application and providing consent and approval for the access, disclosure, and use of federal tax information (FTI). The online FAFSA form provides robust instructions and help in completing the form.

What are 3 options for getting help in completing the FAFSA? ›

FAFSA Help

If you need assistance logging in with your FSA ID, contact FAFSA at 1-800-4-FED-AID (1-800-433-3243). Find help online or click on the Live Help button during business hours. Filling out the paper FAFSA? Click here for help.

What are 4 things needed to complete FAFSA? ›

FAFSA Document Checklist:

Your Social Security card and driver's license, and/or alien registration card if you are not a US citizen. Your 2023 federal income tax returns (you don't have to wait - you can use the most recent returns you have from last year), W-2s, and other records of money earned.

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