FAFSA Tips & Common Mistakes to Avoid (2024)

The best way to complete theFree Application for Federal Student Aid (FAFSA) is early, online, and without any mistakes. Download and print our checklist of what you'll need to have on hand in order to file your FAFSA. If you aren't yet ready to file a FAFSA, the Department of Education's Federal Student Aid Estimator can help you estimate your eligibility for federal student aid by providing some basic information.

Apply Early

Many states and colleges use the FAFSA to determine eligibility for non-federal student aid funds that may have early deadlines or limited funding. The sooner you complete the FAFSA the more aid you could be eligible for. The FAFSA typically opens on October 1 each year for the following academic year.

What You Need to Complete the FAFSA

View and print our helpful FAFSA Checklistto learn what you'll want to have on hand when you sit down to fill out your FAFSA.

Apply Online

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. You can create a FSA ID that will allow easy access to your electronic FAFSA application. Additionally, this will enablesave options, electronic signature andtimelysubmission of your application. You can obtain your FSA ID and get more information on the FSA website.

Avoid Common Errors

Mistakes can delay your application and limit the amount of aid you are eligible to receive. To avoid errors, carefully read all of the questions on the FAFSA. Some of the most common FAFSA errors are:

  • Leaving blank fields: Too many blanks may cause miscalculations and an application rejection. Enter a '0' or 'not applicable' instead of leaving a blank.
  • Using commas or decimal points in numeric fields: Always round to the nearest dollar.
  • Listing an incorrect Social Security Number or driver's license number: Double-­check and triple-­check these entries to ensure accuracy.
  • Failing to use your legal name: Your name must be listed on your FAFSA as it appears on your Social Security card. Don't enter nicknames or other variations on your name.
  • Entering the wrong address: Don't enter a temporary campus or summer address as your permanent address.
  • Entering the wrong federal income tax paid amount: This amount is on your income tax return forms from two years prior, not your W‐2 form(s).
  • Listing Adjusted Gross Income (AGI) as equal to total income from working: AGI and total income from working are not necessarily the same. In most cases, the AGI is larger than the total income from working.
  • Incorrectly filing income taxes as head of household: If there is an error in the head of household filing status, the school will need an amended tax return to be filed with the IRS before paying out aid awards.
  • Listing marital status incorrectly: The Department of Education wants to know your marital status on the day you sign the FAFSA. If you are in a legally recognized same-­sex marriage, you will need to provide your spouse's information as well.
  • Listing parent marital status incorrectly: If your parent of record (the parent who is providing the most financial support) has remarried, you'll need to include the stepparent's information on the FAFSA. If you have two parents in a legally­‐recognized same-­sex marriage, you'll need to list both parents.
  • Failure to list both parents if they live together: If both your legal parents (defined as biological or adoptive parents) live in the same household, you are required to list both parents on the FAFSA even if they are not married.
  • Failing to count yourself as a student: The student completing the FAFSA must count himself or herself as a member of the household attending college during the award year.
  • Forgetting to list the college: Obtain the Federal School Code for the college you plan on attending and list it along with any other schools you've applied to attend.
  • Forgetting to sign and date: If you're filling out the paper FAFSA, be sure to sign it.
  • Sending in a copy of your income tax returns: You do not need to include a copy of your tax returns with your FAFSA. Any information sent with your FAFSA will be destroyed. In addition, do not write any notes in the margins of your FAFSA.

Get Help

Check theHelp section of the FAFSA website or call the Federal Student Aid Information Center at 1-­800-­4­‐FED AID (1-800-433-3243). The Department of Education also provides answers to frequently asked questions about the FAFSA, and FAFSA on the Web Live Help, a secure online chat session that allows you to ask questions of customer service representatives.

FAFSA Tips & Common Mistakes to Avoid (2024)

FAQs

FAFSA Tips & Common Mistakes to Avoid? ›

To avoid errors, carefully read all of the questions on the FAFSA. Some of the most common FAFSA errors are: Leaving blank fields: Too many blanks may cause miscalculations and an application rejection. Enter a '0' or 'not applicable' instead of leaving a blank.

What is the #1 most common FAFSA mistake? ›

Not filling it out—the most costly FAFSA® mistake—can result in losing money that could have helped you pay for college.

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

What not to include on FAFSA? ›

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.

What are some common mistakes students make when managing their student account and financial aid and how can these be avoided? ›

How to avoid 8 common mistakes that hurt your chances of getting federal financial aid for college
  1. Not submitting an application at all. ...
  2. Waiting until the very last minute to apply. ...
  3. Not doing the prep work. ...
  4. Not creating an FSA ID. ...
  5. Not going back to correct mistakes or make updates. ...
  6. Not using the IRS Data Retrieval Tool.

What are the 3 top FAFSA tips? ›

FAFSA Tips & Common Mistakes to Avoid
  • Apply Early. Many states and colleges use the FAFSA to determine eligibility for non-federal student aid funds that may have early deadlines or limited funding. ...
  • What You Need to Complete the FAFSA. ...
  • Apply Online. ...
  • Avoid Common Errors. ...
  • Get Help.

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.

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

FAFSA Help
  • If you have questions about the FSA ID, you can find the answers to frequently asked questions here.
  • 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.

What are 4 things needed to complete FAFSA? ›

Gathering Needed Documents
  • Your parents' SSNs if they have SSNs and you're a dependent student.
  • Tax returns.
  • Records of child support received.
  • Current balances of cash, savings, and checking accounts.
  • Net worth of investments, businesses, and farms.

What is biggest factor for FAFSA? ›

Student and parent income are big factors when colleges hand out financial aid. But only some income counts. Here's what you need to know about how your and your family's income can affect your financial aid eligibility.

Does FAFSA actually check your bank account? ›

Verification doesn't necessarily check the student's or parent's bank accounts. Rather, the school will ask for documentation to clarify information provided in the form.

What disqualifies you from FAFSA? ›

Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

Should I empty my savings account for FAFSA? ›

The student should keep no cash or cash equivalents saved in their name. Students are punished by the FAFSA for saving any cash. The FAFSA will specifically ask “As of today what is the cash balance of checking, savings…” accounts for the student.

What are the three most common FAFSA mistakes? ›

Read on to find out how to avoid these common errors on your form.
  1. Not Filing the FAFSA Form by the Deadline. ...
  2. Completing the Wrong Aid Year's Application. ...
  3. Not Registering for an FSA ID. ...
  4. Using an Incorrect Social Security Number. ...
  5. Leaving the Questions Blank. ...
  6. Not Listing the Schools You'll Apply To.
Feb 17, 2023

What happens if I make a mistake on my FAFSA? ›

Write in the corrections or updates on your paper Student Aid Report (SAR), sign it, and mail it to the address provided on the SAR. Check with the financial aid office at the school you plan to attend; the school might be able to make changes for you electronically.

Does FAFSA check Venmo? ›

In addition, if you or your parents made more than $60,000 in 2022, the FAFSA will ask about your family's “assets.” This includes things like savings, investments, and businesses. This will include the current balance of all checking and savings accounts in banks, as well as apps like Venmo and PayPal.

What if I accidentally made a mistake on my FAFSA? ›

On the “My FAFSA” page, select “Make Corrections.” Create a save key. Change your information. Submit your new information.

What has the biggest impact on FAFSA? ›

Student income is weighted more heavily than parent income in the federal financial aid formula, so any monetary gifts you receive could impact the amount of aid you will be eligible for. Some students or families don't have to report assets.

Why do I keep getting an error on FAFSA? ›

If you see an error in the “Sign and Submit” section saying your information doesn't match, there may be an error on the student or parent personal information pages. These pages ask for your or your parent's name, Social Security number (SSN), and date of birth.

What does FAFSA consider failing? ›

To be eligible for federal student aid and college financial aid, a student must be making Satisfactory Academic Progress (SAP). This generally consists of maintaining at least a 2.0 GPA on a 4.0 scale (i.e., at least a C average) and passing enough classes with progress toward a degree.

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