FAFSA Season Is Here!

The 2018-19 FAFSA opened on October 1, 2017. This newsletter is for UF College of Dentistry (UFCD) residents and includes all you need to know about completing the FAFSA.

FAFSA stands for FREE Application for Federal Student Aid. You should never pay a fee to complete the FAFSA. Go directly to FAFSA.ed.gov to complete the official FAFSA.

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Who Should Complete a 2018-19 FAFSA?

Everyone who will be enrolled in fall 2018, spring 2019, and/or summer 2019!

Spring/Summer 2018 UFCD Graduates – You need to complete the FAFSA only if you will be pursuing another program for which you need financial aid.

Why Should I Complete a FAFSA?

The FAFSA is the key to unlocking financial aid! It’s required for federal loans. 

It can’t hurt to have a complete FAFSA on file – it can only help. We recommend that you complete a FAFSA even if you do not plan to borrow loans. Completion of a FAFSA does not obligate you to borrow loans.

What’s the Deadline for the FAFSA?

As soon as possible!

While the receipt date of your FAFSA has no bearing on your eligibility to borrow loans, it’s easy to forget to complete your FAFSA. And processing of the FAFSA takes time – sometimes a significant amount of time. You could wind up in a situation where you need money, but have to wait for processing.

So, why cause yourself unnecessary stress? Complete your FAFSA today!

What School(s) Should I List on My FAFSA?

Students who will be enrolled at UFCD in 2018-19  University of Florida is the only institution you need to list. Our school code is 001535.

Spring/Summer 2018 UFCD graduates who are pursuing another educational program  – List all institutions to which you are applying or have had an interview. You can include up to 10 schools on your FAFSA.

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How Can I Prepare to Complete My FAFSA?

Step 1

First, make sure you have an FSA ID! The FSA ID is the username and password you use on all Federal Student Aid websites, such as FAFSA.ed.gov and StudentLoans.gov.

Second, verify that your personal information associated with your FSA ID is accurate.  This can be done on the “Manage My FSA ID” website. A legal name change is a common reason for needing to update your personal information.

Step 2

Gather financial information such as: records of untaxed income; cash, savings, and checking account balances; and investments.

This information should be accurate as of the day you complete the FAFSA. (This is also true for personal information such as marital status.)

Step 3

Have your federal tax information or returns ready. Only your (and your spouse’s, if applicable) tax information is needed. 

The 2018-19 FAFSA requires 2016 tax information. You do not need to update your FAFSA with 2017 tax information – in fact, you shouldn’t! Your 2016 tax information is all that is necessary.

Please note: The IRS Data Retrieval Tool (DRT) will be available to quickly and securely transfer tax data from the IRS to the FAFSA. We still recommend having your own tax records handy because you may need to manually input certain data. The FAFSA will prompt you if manual input is required.

Want a quick reference for FAFSA prep? 

Click here for an infographic from Federal Student Aid.

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Are There Any Changes to the FAFSA for 2018-19?

Yes. Tax data that is transferred via the IRS DRT will be displayed to you differently than it has been in the past. This change is intended to better protect your sensitive financial information.

Transferred tax data will be masked within your FAFSA. This means that, instead of the actual numbers, you will see the phrase “Transferred from the IRS”. Student Financial Affairs staff will still have access to your actual tax data.

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