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FAFSA Changes for 2018-2019

FAFSA ImageDon't procrastinate!  Apply today!  

1) You are able to submit your FAFSA earlier than ever before.
  The 2018-2019 school year FAFSA opened up on October 1st. In the past, the FAFSA did not open up until January 1st.  This earlier submission date is a permanent change, so you can count on it for future years.  The goal of this earlier submission date is to allow you to have an earlier indication of how much you will be eligible for in financial aid. This will help you with budgeting for the upcoming school year.  The sooner you apply, the sooner you will know your financial aid eligibility.

2) You will use your 2016 tax return and income information for the 18-19 FAFSA
.  The federal government initiated a new reporting requirement called “prior, prior year taxes”.  This will allow most students to be able to complete the FAFSA right away on October 1st each year since their “prior, prior year” taxes will already be completed.  During this year of transition to the new reporting model, you will use 2016 tax data.  This means you won’t have to estimate your income information.  You should also be able to automatically import your 2016 tax information directly into your FAFSA.  Those with marital status changes or drastic changes of income from 2016 to 2018/2019 should meet with Financial Aid staff to discuss.

Complete your FAFSA today at www.fafsa.gov

The sooner you apply and complete all paperwork, the sooner you will have an award letter. 

ICC plans to start processing 2018-19 award letters in early March.