Apparently refiling for FAFSA is impossible...

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If you are going to college in fall 2009 FAFSA will ask you for your 2008 income not your 2007 income. The FAFSA that is available right now is the 2008-2009 FAFSA which is for the 2008-2009 school year. The 2009-2010 FAFSA is not available until January 1 2009. Filing the 2008-2009 FAFSA will not be accepted as having filed FAFSA for the 2009-2010 school year.</p>

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You have to file FAFSA every year. The year your sister starts school she will file FAFSA for the first time and you will refile it. When you are both in school at the same time the parent part of your FAFSA EFC will be divided equally between you.</p>

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If you are going to a private school it is likely they will also require you to file CSS profile or their own financial aid application forms. CSS does ask for the previous 2 years of tax returns (2007 and 2008 for the 2009-2010 school year). Private schools usually use FAFSA to determine if you qualify for any federal aid (which would nowhere near cover the cost of a private school) while using CSS to award their own institutional aid.</p>