Feb 25 2008
Top 5 Tips For Completing Your Fafsa!
The Free Application for Federal Student Aid, or the FAFSA, is one of the most misunderstood and important forms you’ll ever file when it comes to paying for college. For a step-by-step guide, you can visit the FAFSAOnline Website.
Here are the top 5 tips to keep in mind when completing this important form:
#5: Do your IRS 1040 first.
Even if you don’t plan on filing your IRS 1040 on paper, I strongly recommend you complete a 1040 BEFORE you start your FAFSA. Approximately 80% of the FAFSA is based on IRS tax data, and by completing the 1040 first, you’ll save yourself a LOT of time. Even if you don’t have your W-2 and 1099 forms from your employers, you can still estimate using your last pay stub(s) from 2006.