My son will be graduating high school in 2021 . He is a rising senior now.
When should i be filing / submit FAFSA application for him . Should i be entering 2019 tax amounts on this ?
The FAFSA form will be live on Oct 1, 2020. You will follow the instructions, but yes, 2019 tax info will be used. Assets will be entered as of the date you file.
Thank you.
one more question - my son is doing an online summer course at a community college. I believe they have a scholarship opportunity to cover the fee and are asking for fafsa . In that case , can i file FAFSA using 2018 taxes or will it become problamatic when i file in october for his college admission . I am so confused
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If the school considers the summer as part of 2019-20 school year (prior) for financial aid, you’d complete that FAFSA and use 2017 taxes and assets as of the date of filing (2020). If the school considers summer 2020 as part of the 2020-21 school year (next), you’d file the 2020-21 FAFSA form and use 2019 taxes and current assets.
The only way to know is to ask the school.
You are not screwing up the next year by filing. You’ll file every year.
Make sure taking one class as a non-degree seeking student will qualify him for aid. It may be that the school uses FAFSA to qualify for state aid or the school’s own financial aid, but he likely won’t be eligible for federal aid like Pell or student loans.
Thank you so much
Minor typo - for 2020-2021 FAFSA it’s 2018 taxes, not 2019.