<p>So, due to the fact that I waited till the last minute to fill out my FAFSA, and there was a family emergency leaving my mother unable to access tax records, the following situation has arisen...</p>
<p>The only thing that my mother was able to tell me off-hand was the amount of her total income. I knew that she had already filed her tax return, so I didn't want to put "will file." So, what I ended up doing was saying that she did file, and then included the one thing that she told me--the overall income.</p>
<p>Now, here is where I may have made a bad decision, but I wasn't really sure what else to do. I put the 2007 values for her tax return in the boxes where I didn't have the most recent information. I figured this would be alright because her overall income shot down about 11,000, so I knew that the values that i was inputting, the ones from 2007, were going to be higher than what they really were. So basically I would just be overestimating.</p>
<p>My plan was to enter the correct information a few days from now once my mother was able to retrieve it. </p>
<p>DID I MAKE A SERIOUS MISTAKE? I wasn't really sure what else to do, and I regret not contacting somebody prior to doing this, but I thought that the FAFSA was due before March 2nd, not up till midnight of that day</p>
<p>Just go in & change the figures to the correct figures as soon as you have them. Realize that your estimated award may or may not be what you will receive with the corrected info. Are you worried because you said “filed” when it wasn’t filed? Don’t worry about that. The most important thing is that you correct the numbers.</p>
<p>No, she actually DID file. I was worried because I was estimating when there were in fact official numbers out there, just not available to me yet. </p>
<p>Davis…Kelsmom GAVE you the answer to your question. What else do you want to know? You need to amend your finaid form(s) to reflect the tax information from the 2008 taxes…and that’s that.</p>
<p>Just FYI…last year when we did the estimated profile, we indicated that DD would NOT file her taxes. Then she decided TO file her taxes. It didn’t matter. We went into the FAFSA website when the taxes were done and put “taxes completed”.</p>
<p>The IMPORTANT thing is that the numbers on the FAFSA are the SAME as the numbers on the tax forms. And that in the end, you indicate “taxes completed” or “will not file” so that the colleges know you are done.</p>
<p>Don’t want to hijack the thread but title seems about right…</p>
<p>D2 will be a freshman in college Fall '09, filled out FAFSA using '07 taxes figuring to update when '08’s are done. At that time, said 2 in college because D1’s apps to med school were still out there, thus FAFSA came back with a fairly low EFC.</p>
<p>D1 hasn’t gotten any interviews yet, so chances are she’ll be working next year, not going to med or grad school. So I guess that when the update’s done, the EFC will jump considerably.</p>
<p>The question is…D2 is maybe in line for a moderate music scholarship. All other factors aside, for the scholarship itself, even tho I’m assuming that a low EFC looks better than a high one, could the scholarship be rescinded once the FAFSA is updated?</p>