7 Student Aid Filing Tips

The cost of a college education is so high these days that few families can send their children to school without student aid. But filing is not easy. These seven tips should help.

There are hundreds of scholarships, grants and student loan programs to help lighten the load, and most require you to fill out one vital form before you apply.

That’s the Federal Application for Federal Student Aid form, the gateway to all of the federal, state and institutional student aid programs available. Even private education lenders usually require the student to fill out a FAFSA first. Filling out this form is as crucial as choosing a school.

Here are some useful tips about the FAFSA to help you through this potentially confusing, but crucial stage of college planning.

1) The earlier you file, the better. Do not procrastinate and make sure that you meet the state and school deadlines. Student aid is distributed on a first-come first-serve basis. You can complete the FAFSA between Jan. 1 and June 30, but check online and with the schools that you are considering. If you are late to apply, aid  might be unavailable.

2) There is an online tool to help get an idea of what aid you might be eligible for, called FAFSA4caster. This helps students and families prepare financially for college before applying for federal student aid, which usually has better terms than other types. It provides an estimate of federal student aid eligibility by instantly calculating an estimated expected family contribution, the indicator that estimates a family’s or a student’s ability to contribute toward the cost of an education after high school.

3) Collect all the documents needed to apply,  including income tax returns and W-2 forms before beginning the process.   If you didn’t complete your tax return yet, you can estimate the tax information, apply and correct the information later.

We Don't Need No Education

4) Go to www.fafsa.ed.gov to find the form and apply for aid. Before filling out the FAFSA form, you need to sign up for a personal identification number at www.pin.ed.gov. A PIN lets you apply, electronically sign and make corrections to your online application. After graduation, the student uses the PIN to sign in to make changes, contact the U.S. Department of Education and repay loans.

5) Once you complete the application and the form is processed, you receive a Student Aid Report. Review the SAR and submit corrections and for reprocessing if necessary. The report contains your expected family contribution.

6) The school may ask you for verification so you need to keep your tax returns and other documents handy. Be sure to meet the schools deadlines or you not receive federal student aid.

7) Stay in touch with the financial aid office and make sure that they receive all of your information. Remember this process for next year. You need to fill out the FAFSA every year your child is in school.

If you get stuck, the online FAFSA site also has a link to videos to help guide you. The help and hints button is also very helpful.

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The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Maureen Crimmins

Maureen Crimmins is co-founder of Crimmins Wealth Management and a fee-only independent financial advisor. Have a financial question? ASK MAUREEN


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  1. Different Types of Financial Aid for College Students | Roots of Wealth - February 19, 2014

    […] There are many different types of financial aid and as discussed in a prior post, the FAFSA form must be completed.  For tips on filling out the FAFSA form, see this post  here. 7 Tips for filing out FAFSA forms […]

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