Quick FAFSA question regarding urgency

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kalvano
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Quick FAFSA question regarding urgency

Postby kalvano » Sat Jan 09, 2010 12:13 am

I don't have my W2's yet for 2009 and haven't done my taxes.

Is there any reason the FAFSA needs to be completed before February / March? Do I risk losing out on anything?

Scurredsitless1
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Re: Quick FAFSA question regarding urgency

Postby Scurredsitless1 » Sat Jan 09, 2010 12:20 am

kalvano wrote:I don't have my W2's yet for 2009 and haven't done my taxes.

Is there any reason the FAFSA needs to be completed before February / March? Do I risk losing out on anything?



Relax. No one has any of that stuff yet. Most people wont get it until jan 31st. You're fine.

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kalvano
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Re: Quick FAFSA question regarding urgency

Postby kalvano » Sat Jan 09, 2010 12:29 am

That's what I figured, I just didn't know if there was any compelling reason to have it all ready to go and submitted within a couple days of receiving that stuff.

Thanks.

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existenz
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Re: Quick FAFSA question regarding urgency

Postby existenz » Mon Jan 11, 2010 3:05 am

Actually, you do want to have the FAFSA completed and submitted by Feb. 15th just to be on the safe side. I would not recommend sitting on it until March.

Inygma
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Re: Quick FAFSA question regarding urgency

Postby Inygma » Mon Jan 11, 2010 4:15 am

Scurredsitless1 wrote:
kalvano wrote:I don't have my W2's yet for 2009 and haven't done my taxes.

Is there any reason the FAFSA needs to be completed before February / March? Do I risk losing out on anything?



Relax. No one has any of that stuff yet. Most people wont get it until jan 31st. You're fine.


False. My FAFSA and need-based are completed/sent.

It's nice having a CPA in the family.

lewis louis
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Re: Quick FAFSA question regarding urgency

Postby lewis louis » Mon Jan 11, 2010 4:27 am

Inygma wrote:
Scurredsitless1 wrote:
kalvano wrote:I don't have my W2's yet for 2009 and haven't done my taxes.

Is there any reason the FAFSA needs to be completed before February / March? Do I risk losing out on anything?



Relax. No one has any of that stuff yet. Most people wont get it until jan 31st. You're fine.


False. My FAFSA and need-based are completed/sent.

It's nice having a CPA in the family.


Did you really need a CPA to do that for you?

Leeroy Jenkins
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Re: Quick FAFSA question regarding urgency

Postby Leeroy Jenkins » Mon Jan 11, 2010 4:52 am

Must be nice receiving your W2's before everyone else in the country.

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kalvano
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Re: Quick FAFSA question regarding urgency

Postby kalvano » Mon Jan 11, 2010 10:29 am

existenz wrote:Actually, you do want to have the FAFSA completed and submitted by Feb. 15th just to be on the safe side. I would not recommend sitting on it until March.



It won't be. I won't even get my W2's until the end of January, and my CPA will take about a month or so.

latinolaw
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Re: Quick FAFSA question regarding urgency

Postby latinolaw » Mon Jan 11, 2010 10:37 am

Most schools don't have their own app that you have to complete and send in, right? (Cornell does, but so far it's the only one I've come across.) Basically, the financial aid app IS the FAFSA?

bahama
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Re: Quick FAFSA question regarding urgency

Postby bahama » Mon Jan 11, 2010 12:46 pm

A lot of schools require Need Access in addition to FAFSA.

Amelie
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Re: Quick FAFSA question regarding urgency

Postby Amelie » Mon Jan 11, 2010 12:53 pm

I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.

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kalvano
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Re: Quick FAFSA question regarding urgency

Postby kalvano » Mon Jan 11, 2010 1:49 pm

maggiebre wrote:I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.



But is there any compelling reason to?

Do you stand to miss out on anything? Is it like rolling admissions?

Amelie
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Re: Quick FAFSA question regarding urgency

Postby Amelie » Mon Jan 11, 2010 1:50 pm

kalvano wrote:
maggiebre wrote:I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.



But is there any compelling reason to?

Do you stand to miss out on anything? Is it like rolling admissions?


I think it could hurt with school's distribution of aid if you submit too late.

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kalvano
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Re: Quick FAFSA question regarding urgency

Postby kalvano » Mon Jan 11, 2010 5:03 pm

maggiebre wrote:
kalvano wrote:
maggiebre wrote:I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.



But is there any compelling reason to?

Do you stand to miss out on anything? Is it like rolling admissions?


I think it could hurt with school's distribution of aid if you submit too late.



Too late like June?

I was planning on March / April.

Amelie
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Re: Quick FAFSA question regarding urgency

Postby Amelie » Mon Jan 11, 2010 5:57 pm

kalvano wrote:Too late like June?

I was planning on March / April.


I've heard that schools that give grants can run out of them by April. I just wanted to get my stuff in early to be on the safe side.

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pleasetryagain
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Re: Quick FAFSA question regarding urgency

Postby pleasetryagain » Mon Jan 11, 2010 5:58 pm

kalvano wrote:
maggiebre wrote:
kalvano wrote:
maggiebre wrote:I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.



But is there any compelling reason to?

Do you stand to miss out on anything? Is it like rolling admissions?


I think it could hurt with school's distribution of aid if you submit too late.



Too late like June?

I was planning on March / April.


some schools I have applied to have "soft deadlines" and explicitly state "you will be disadvantaegd by submitting this late.

rgriffin33
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Re: Quick FAFSA question regarding urgency

Postby rgriffin33 » Mon Jan 11, 2010 8:51 pm

maggiebre wrote:I'm pretty sure you can use your 2008 tax information if it will be close to 2009's. FAFSA asks for estimates, plus you can send in corrections once you've done your 2009 taxes.


this^ you shoudl have a record of completing it but can always go back and update...at least that is what my advisor and two financial aid offices told me.

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kalvano
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Re: Quick FAFSA question regarding urgency

Postby kalvano » Tue Jan 12, 2010 12:46 am

I made a lot more money in 2008 than I did in 2009.

Should I still use 2008 taxes and then go back and change it?

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taw856
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Re: Quick FAFSA question regarding urgency

Postby taw856 » Tue Jan 19, 2010 6:04 pm

kalvano wrote:I made a lot more money in 2008 than I did in 2009.

Should I still use 2008 taxes and then go back and change it?


I'm curious about this, too, if anyone has info...




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