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<blockquote> <p>If you're starting college in Fall '07, then you NEED to file the FAFSA in January 2007, right ?>></p> </blockquote>
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<p>Yes...that is correct. However, keep an eye on the deadlines for the Profile. Some schools have priority deadlines for the Profile as early as November of your senior year. Re: filing the FAFSA...you want to file ASAP after Jan 1 of your senior year in high school. You will submit as a "will file" meaning that you will be filing your taxes but have not yet done so. You will need to do your very best estimates from your parents and your last paychecks, bank statements, etc. Then as soon as possible after Feb 1, you should complete your income taxes. Then you will go online and amend the FAFSA to indicate you have completed your taxes. DO NOT DELAY...this is NOT the year to put off doing your taxes until April 15. Some schools will give you an estimated finaid award based on a "will file". Others will not even process your application. BUT your finaid award will not be finalized until you have amended the FAFSA to indicate accurate figures based on your completed tax returns.</p>