Fafsa 2009

[TMP-SMX]

Advertisement - Members don't see this ad

Does any one know how the march 1st deadline relates to getting information from investment banking places. Apparently the information from investments does not have to be given to us until Feb 15th, so my parents information is up in the air, and this will be very different from last years information. Should I submit very incorrect information from last year, when my parents made 2 times as much plus investments doing better, or wait till I have this year's info?
Also when it asks how many students are in my family, does that include grad school?

Doesn't matter. Parental income has no bearing on your FAFSA EFC. It will for your school-specific campus based aid though so you should correct it as soon as it is ready.

oh and 1 more thing, I currently have a part time job, but I'm making less than $5000, should I file tax anyway? because I think on the IRS website, if you make less than $8000 you don't have to file tax, would it be more beneficial if I file tax??

Would you like a refund? If not, thank you for stimulating the economy and doing your part to reduce the national debt. Jokes aside, you can file your taxes online for free and get your refund electronically to your bank. Check out your state's website and they will have links to free filing.

 

[What up doc]

i dont know if this has been asked, but how exactly does fafsa verify how much is in your checking/savings account? especially, how would they verify how much was in the account at the exact date of the filing? if one were to liquidate the account the day of, and then refill the day after, how would they check this? all they have is a w2 and a tax return...how would this let them know how much is in checking account?

 

[TMP-SMX]

i dont know if this has been asked, but how exactly does fafsa verify how much is in your checking/savings account? especially, how would they verify how much was in the account at the exact date of the filing? if one were to liquidate the account the day of, and then refill the day after, how would they check this? all they have is a w2 and a tax return...how would this let them know how much is in checking account?

They don't know unless they check, but it is fraud. It is the government and I'm sure they could audit it if need be and check things out.

 

[serikk85]

If I have a sibling starting college fall 2009 and I'm starting med school fall 2009, how many people in my parents' household will be college students? Is it 2? Does a med student count as a college student. This FAFSA thing sure makes me feel dumb.

 

[muggle911]

If I have a sibling starting college fall 2009 and I'm starting med school fall 2009, how many people in my parents' household will be college students? Is it 2? Does a med student count as a college student. This FAFSA thing sure makes me feel dumb.

In your parents' household it would be 2, but you are technically your own "household" since a med student is considered independent (even though you have to provide parental info). I'm pretty sure you would still put 2 on your fafsa though if it's asking about parental info.

Yes a med student counts as a college student.