filing-the-fafsa-2015-2016-edition

Foreign Income Tax Returns 75
Parents’ Adjusted Gross Income (AGI) 77
Income Earned from Work 78
Dislocated Workers 79
Parents’ Federal Income Taxes 80
Parents’ Tax Exemptions 81
Additional Financial Information 82
Federal Means-Tested Benefits Received by
Members of the Household in the Last Two Years 83
Parents’ Untaxed Income 84
Simplified Versions of the FAFSA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
Parent Asset Information 91
▶ Section 5 – Student Financial Information 101
Questions for Independent Students 102
▶ Section 6 – Sign and Submit 106
Application Filing Tips 106
Need Help 108
Signature Page 109
▶ Section 7 – Confirmation 114
My FAFSA Page 115
Step 4 – Next Steps 117
What Happens Next 117
Comparing Award Letters 118
Student Aid Report (SAR) 119
Increasing Eligibility for Need-Based Financial Aid 120
Tell the Truth 120
Test Strategies First 120
Optimizing Income 121
Repositioning Assets 123
Tweaking Demographic Information 127
Other Strategies 128
Changes: Corrections, Updates and Adjustments 130
▶ Corrections 130
▶ Updates 131