Applying for Aid
Early FAFSA Information
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The 2017-2018 FAFSA opens on October 1st
The executive action taken by President Obama on September 13, 2015 allows the use of early FAFSA/prior-prior year (PPY) tax information on the Free Application for Federal Student Aid (FAFSA) – a move long called for by those in the higher education community. It also makes the FAFSA available three months earlier by moving up the date from January 1st to October 1st.
Using two-years prior tax information on the FAFSA (as opposed to one-year prior information) will increase the form’s accuracy and give families an earlier and more accurate idea of their anticipated financial aid and college costs.
What This Means For You
Instead of waiting until you and/or your parents have completed your tax returns for the previous year, you must complete the FAFSA information with tax information from two years prior. Please watch the quick video below to learn more about how you will benefit from this new move to using prior-prior year income data.
If you are having trouble viewing the video above, please visit the NASFAA website.
Beginning with the 2017–2018 FAFSA, students (and parents) will report income and tax information from an earlier tax year. For example, on the 2017-2018 FAFSA, applicants -and their parents, as appropriate - will report 2015 income and tax information, rather than 2016 income and tax information. This change will make the FAFSA easier because you (or your parent) will already have done your taxes by the time you fill out the FAFSA, and you may be able to automatically import your tax information into your FAFSA. If your child files his or her own taxes, then your child may be able to import his or her tax information too.
Winthrop University’s FAFSA deadline to receive priority consideration for need-based aid is March 1st.