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PRINTCLEARSAVEUntaxed×Income×Clarification×Form20192020Student Financial Aid and Scholarships×U.’ S. Department×of Education×requires×the×resolution×of conflicting×information×prior×to awarding×federal×financial×aid.
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How to fill out 2 major fafsa changes
How to fill out 2 major fafsa changes
01
The first major change is the removal of the requirement to provide information about drug convictions. Previously, students with drug convictions were required to report them on the FAFSA. With this change, students no longer need to worry about disclosing this information.
02
The second major change is the use of prior-prior year (PPY) tax information. Instead of using the most recent tax year, the FAFSA now requires students to use tax information from two years prior. This change allows students to submit their FAFSA earlier and provides a more accurate picture of their financial situation.
03
To fill out these changes on the FAFSA, follow these steps:
04
- Gather your income and tax information from two years prior. This includes tax returns, W-2 forms, and any other relevant documents.
05
- Access the FAFSA website or the FAFSA mobile app and create an account if you haven't already.
06
- Start a new FAFSA application and enter your personal information, including your name, date of birth, and Social Security number.
07
- When prompted, provide your income and tax information from two years prior. Use the IRS Data Retrieval Tool if eligible to simplify this process.
08
- Review and submit your FAFSA application. Make sure to double-check all the information for accuracy.
09
- Repeat the process for any subsequent years you need to fill out the FAFSA.
Who needs 2 major fafsa changes?
01
Anyone who plans to apply for federal student aid needs to be aware of these two major FAFSA changes.
02
Students who have previous drug convictions will benefit from the removal of the requirement to disclose this information.
03
Students and parents who want to submit the FAFSA earlier and have a more accurate understanding of their financial situation will find the use of prior-prior year tax information beneficial.
04
Overall, these changes impact all individuals applying for federal student aid and aim to simplify the application process while providing more accurate financial information.
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What is 2 major fafsa changes?
The two major changes to the FAFSA for 2024 are the removal of the Expected Family Contribution (EFC) calculation and the use of prior-prior year tax information.
Who is required to file 2 major fafsa changes?
All college students applying for financial aid for the 2024-2025 school year are required to fill out the new FAFSA form with the two major changes.
How to fill out 2 major fafsa changes?
To fill out the FAFSA with the two major changes, students will need to use their prior-prior year tax information and provide accurate financial information for themselves and their families.
What is the purpose of 2 major fafsa changes?
The purpose of the two major changes to the FAFSA is to streamline the financial aid application process and make it easier for students to apply for and receive the financial assistance they need for college.
What information must be reported on 2 major fafsa changes?
On the new FAFSA with the two major changes, students must report their prior-prior year tax information, assets, income, and other financial details.
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