<p>Because of some unique circumstances our family income was very high this year (200k +). We have one D in college and the other child will start college in the fall. Does any one know if there's any reason to complete the FAFSA - knowing we will not (and should not be) eligible for any need based aid this year? Our situation may well be very different next year and I would want to keep options open. In other words, if I don't file the forms this year could we still apply for aid in the future if needed or must a FAFSA be filed by freshman year to ever be elligible? Thanks!</p>
<p>Several schools my d applied to state specifically that all students should apply as freshmen, even if they don't qualify. Upperclassmen applying for the first time are put at the back of the queue, and get "whatever's left" after all other aid has been doled out. So yes, I think applying this year, and getting a "no aid" letter will be beneficial in the future.</p>
<p>Thank you for that input. I didn't think about this when applications were in process, thus the "not applying for financial aid" box was checked. Would you think that needs to be revisited or just file the FA forms? Some of the schools want the CSS - those forms made my brain hurt- but I'm guessing you'd recommend filing them too? On the plus side I could file after taxes are done since I wouldn't be hoping for anything this year...</p>
<p>I would consider not only filing, but meeting or calling the financial aid office and talk to an actual FA person - not just student worker.</p>
<p>What we have discovered is that at some LAC the initial freshman year package is rarely adjusted unless there are MAJOR changes. I have been through a 40k salary drop, unemployment for months on end, and saw very little change ( in an already generous package)<br>
YOu might not get or need $ this year but perhaps documenting why this year is different and your usual costs/income now might help for next year.</p>
<p>Thank you, that's helpful, I hadn't thought about it that way. I did contact one of the schools (an Ivy) and they said FA would be considered if our circumstances changed, but I should perhaps do that with all the schools. I'm thinking that lower income in subsequent years could have an impact on whether D could continue at a private school and thus should be considered in the decision making process (when that time comes). Again, thanks for your comments</p>
<p>Also if you plan to apply for any student/parent loans, you would have had to submit the FAFSA.</p>