<p>I'm applying for a scholarship and they want my FAFSA status by February 2015. My question is, when can i start applying for financial aid for the 2015-2016 school year? And will i be able to know what my status is by then? How long does it take?</p>
<p>Thanks in advance!</p>
<p>The 2015-2016 FAFSA goes online January 1st, 2015. That gives you plenty of time to complete it by February. </p>
<p>Don’t u need a completed tax return? And to fill out your tax return, don’t u need your W-2 statement from your employer? </p>
<p>You can estimate on FAFSA and then go back after your taxes are done and input the more accurate numbers.</p>
<p>Absolutely! You can complete with very good estimates, and a “will file” status (meaning you will file taxes but haven’t yet done so) on January 1. </p>
<p>BUT you do want to get your 2014 taxes done ASAP after February 1. Then go back into your FAFSA and update the fields reflecting your 2014 tax return information. Resubmit to your colleges…and you will link to the IRS data retrieval tool.</p>
<p>DO NOT wait until April to file your taxes. This is the year to get them done ASAP!</p>