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How to Avoid the 10 Most Common FAFSA Mistakes

  • July 14, 2010|
  • Posted in: Financial Aid|
  • 12 Comments

Money for CollegeAnyone looking for financial aid has probably heard of the FAFSA. It’s the Free Application for Federal Student Aid, and it’s your first and most important step to getting the money you need to help you pay for college.

The best way to fill out the FAFSA is early and online. Making mistakes on your FAFSA, however, can delay the processing of your application, and possibly make you lose out on available financial aid.

Here’s a list of the 10 most common FAFSA mistakes that you’ll want to avoid:

  1. Listing the incorrect Social Security Number or driver’s license number. Double-check to make sure you have entered the digits and letters in the correct order.
  2. Using decimal points or commons in numeric fields. Don’t use them, and instead always round to the nearest dollar amount.
  3. Forgetting to sign and date. If you’re filling the FAFSA electronically, make sure to obtain your PIN from www.pin.ed.gov. Your PIN acts as your electronic signature and will be assigned to you only. If you’re filling out the paper FAFSA, be sure to sign it.
  4. Forgetting to list your college. You need the Federal School Code for the college you plan on attending and list it, along with any other schools you’ve applied to.
  5. Leaving blank fields. Enter a ‘0′ or ‘not applicable’ instead of leaving a blank field, since too many blanks may cause miscalculations and/or an application rejection.
  6. Listing Adjusted Gross Income as equal to total income. These are not the same figures, and in most cases the AGI is larger than the total income.
  7. Entering the wrong federal income tax paid amount. You need to obtain your federal income tax paid amount from your income tax return forms - NOT your W-2 form(s).
  8. Listing marital status incorrectly. They want to know what your marital status is on the day you sign the FAFSA, so only say yes if you are currently married.
  9. Listing parent marital status incorrectly. They want to know your custodial parents' marital status, and if they remarried, you’ll need the stepparent’s information too.
  10. Leaving the question about drug-related offenses blank. If you are unsure of something, find out before submitting the FAFSA rather than leaving it blank. A conviction doesn’t necessarily disqualify you from getting aid.

Don't miss out on financial aid from the federal government simply because you filled out the FAFSA incorrectly, or made one of the above mistakes. Double-check your application and more importantly - don't miss the deadline!

Can you think of anything we may have missed? What has been your expereience with the FAFSA?

12 Comments

Why do they make these things so complicated?

  • Posted by: Roger|
  • July 14, 2010|
  • 08:35 PM

They make these things complicated so as to make sure only the bureaucratically inclined can get ahead. Free thinkers, artistic types, and anyone who has better things to do with their life need not apply.

  • Posted by: Rick-O|
  • July 20, 2010|
  • 11:49 PM

Instead of this confused and poor way to help students in need for financial aid, the government should implement and create a new and real public/free superior education system. Not a socialist model, but an accesible under and graduate education schools. Like the healthcare, the superior education is begging for a real reform.

  • Posted by: Carlos E Escobar|
  • July 21, 2010|
  • 03:43 PM

It's must easier to file a FAFSA online! You can skip portions of the form that are not relevant to your situation. Still not a piece of cake... but easier than filling it out on paper.

  • Posted by: Carly|
  • July 21, 2010|
  • 07:56 PM

I've been approVed and started classes.So when do I get my loan Money?

  • Posted by: tammy|
  • July 22, 2010|
  • 09:23 AM

Really, complicated, confusing, artistic types are too free spirited to apply this way, poor way to help students. Come on , you have to do a little work... All you have to do is pay attention and read the damn application. Focus and if that isn't enough, there is an 800 number to call and they will hold your hand all the way through it just like mommy and daddy. God take some responsibility for yourself and stop bitching...

  • Posted by: Sal|
  • July 22, 2010|
  • 03:32 PM

My only problem with FAFSA is the hoops you have to jump through...It took me two years because I didn't have my mothers information and she hadn't worked since my freshman year of highschool. When I attempted to inform my financial advisors that I have been taking care of my ownself since turning 18, that my mother doesn't claim me as a dependant they told me I HAD to have her tax information....She never paid the taxes because she hadn't worked in 3 years at that time. I don't need hand holding I need information.

  • Posted by: Autumn|
  • July 26, 2010|
  • 11:15 PM

I really wish I'd have had this as a resource BEFORE I attempted the FAFSA!! Thank you all. I am in agreement with most of you, especially Sal.

  • Posted by: Rene|
  • August 07, 2010|
  • 07:08 PM

Come on people. Using the excuse of being artistic and a free-thinker is ludicrous. If you have so much trouble filling out the form there are professional agencies out there that will do it for you for 80-100 dollars, and don't give me the excuse, " If I had 100 dollars I would just pay for school." We all know that 100 dollars barely buys a text book. It is no different than paying an accountant to do your taxes. If you don't want to do that then just sit down for more than a minute, stop burning braincells and do the dang form. I have filed my own FAFSA for the last 2 years and it is very easy. I think the real problem is laziness. We have become a society full of people that want everything done for them so they don't have to take any responsibility. Get off your lazy butt and do the form so you can get an education in a reasonable amount of time.

  • Posted by: Steve|
  • August 19, 2010|
  • 06:16 PM

I don't know how to answer this question: If your parents have filed or will file a 1040, were they eligible to file a 1040A or 1040EZ? My parents don't work now, but I think they will eligible to file a 1040A or 1040EZ in the future, so I need to answer YES or NO to this question?

  • Posted by: Linh Le|
  • August 23, 2010|
  • 11:57 PM

They make it complicated so only those willing to climb the hurdles are able to get access to these resources. If an artist doesn't have the discipline or intelligence to comprehend this, then they would probably not benefit from a college education anyways.

  • Posted by: Scraw|
  • August 24, 2010|
  • 04:28 PM

I thought filling out the FAFSA was really easy myself.

  • Posted by: Nicole|
  • September 04, 2010|
  • 05:24 AM

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