<p>Can you update FAFSA after the submission?</p>
<p>Yes you can.</p>
<p>Usually it is because you filed estimated tax figures (to meet deadlines) and have to go in and file final income figures and change (tax) filing status from will file to have filed.</p>
<p>Asset figures are not supposed to be updated to reflect changes (ie - if you spent some of the assets after you filed FAFSA you cannot go in and reduce them - they have to reflect the asset values on the day you first filed) unless it was an error on the date of filing.</p>