5 Things to Know When Completing the FAFSA

Every college student seeking financial aid (either scholarships or loans) should complete the Free Application for Federal Student Aid (FAFSA).

5-things-to-know-when-completing-the-FAFSAYou and your parents will need a PIN.

  • The first thing you will need to do is get a PIN for you and your parents.
  • The PIN is your signature on the FAFSA and other federal documents.
  •  You can apply for a PIN from the PIN website.

The FAFSA is free.

  • FAFSA stands for Free Application for Federal Student Aid.
  • There are some services that will charge you to complete the FAFSA. Using these services will most likely not increase your financial aid award.
  • The free website is fafsa.ed.gov

Complete the FAFSA as early as possible.

  • The FAFSA for the following academic year is available starting January 1st.
  • Most financial aid is awarded on a first-come, first-served basis. You may lose out on some financial aid if you wait too long.
  • Be sure to contact your school’s financial aid office for more information on when they send award letters to students.

You can complete the FAFSA before your taxes are complete.

  • The tax information on the FAFSA is based on the previous year’s tax information.
  • To complete the FAFSA before your taxes are complete, you will select “Will File” from a drop down box on the FAFSA.
  • You can either estimate your tax information, or if it will not change much from the prior year, you can use that information.
  • Once you complete your taxes, you will update the FAFSA with the current information.

Don’t rely on second hand knowledge.

  • If you have any questions while completing the FAFSA, ask a financial aid administrator.
  • Call the financial aid office and get the answer to your questions.
  • If you complete the FAFSA with incorrect information, you could lose out on financial aid. This loss of aid may impact your decision on which school to attend.

Have you competed the FAFSA?

Over 90% of students at the University of Mary Hardin-Baylor receive some form of Financial Aid. UMHB might be right for you! We’re a Christ-centered, accredited university in Central Texas. Come on, stop by for a visit this week.
Zach Krueger

Zach Krueger

Zach is the Assistant Director of Financial Aid at UMHB.
Zach Krueger

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Zach Krueger

About Zach Krueger

Zach is the Assistant Director of Financial Aid at UMHB.