Outcomes
The FAFSA and WASFA are both important tools to opening up your options for financial aid. In this section we will help you learn more about:
For many students and families, the cost of higher education can be daunting. Scholarships? Loans? Grants? Work-study? Where should you start!?
Well, an easy first step is to fill out the Free Application for Federal Student Aid – the FAFSA – or the Washington Application for State Financial Aid – the WASFA.
Which form you fill out will depend on your citizenship status, but you will need to fill out one of the documents to be eligible for:
- Federal or State
- Student loans;
- Grants;
- And work-study
- As well as, some scholarships
Ready to take the first step on your financial aid journey? Check out the rest of this module to learn more about how to fill out the FAFSA or WASFA and what documents you will need to gather beforehand!
Should I fill out the FAFSA or the WASFA?
The WASFA is for students who don’t have access to federal funding because of their immigration status (includes undocumented students). All other current and prospective students should fill out the FAFSA.
Why is it important to fill out the FAFSA/WASFA?
Completing the FAFSA/WASFA is necessary to be considered for student loans, grants, work-study, and certain scholarships or other funding.
- Most students qualify for some form of aid (even if your family makes $250,000 per year, you probably still qualify for something)
- Some scholarships require you have a FAFSA/WASFA on file
- If something happens and your household’s financial situation changes, your school’s Financial Aid office can help you make changes to the FAFSA/WASFA you have on file
- You will have the opportunity to accept or reject any available aid before receiving it
The FAFSA/WASFA should be easy and fast to complete. However, it can also be confusing, so in case you get stuck, ask your school for help completing the FAFSA or WASFA. Many schools offer financial aid counselors that can assist you and your family. Don’t miss out on the chance to get additional funding for your education!
How do I fill out the FAFSA/WASFA? When is it due?
You can fill out the FAFSA and see priority deadlines for Washington here. Before filling out the FAFSA, the Department of Education suggests that you have the following documents with you:
- Your Social Security number
- Your driver’s license number (if you have one)
- Your Alien Registration number (if you aren’t a U.S. citizen)
- Federal tax information or tax returns
- Records of untaxed income (child support, interest income, veterans noneducation benefits, etc.)
- Information on cash; savings and checking account balances; investments; and other assets
- If you are a dependent student, you will also need the above information for your parent(s)
If you are looking to fill out the WASFA, that can be done here. Before completing the WASFA, the Washington Student Achievement Council recommends gathering the following:
- Income Information: bank statements, W-2 forms, pay stubs, and/or federal income tax returns
- Other Financial Information: child support statements, TANF or welfare information, real estate, stocks, bonds, other investments, and/or information on a family business or farm.
- Your Social Security number or I-797 Form (optional)
- If you are a dependent student, you will also need the above information for your parent(s)
How do I know if I am a dependent or independent student?
Even if your parents do not claim you as a dependent on their taxes, you may still be considered a dependent student.
To see determine if you are a dependent or independent student, check here.
The FAFSA/WASFA does not reflect my current situation. Who should I talk to?
The FAFSA/WASFA are great tools for streamlining the financial aid process, but they don’t always capture your specific situation well. Maybe you don’t have contact with your parents, your family ran into financial hardships after you filled out the form, your parents are not willing/able to contribute to your education, etc. – talk to the financial aid office at your school! Your financial aid office will be able to offer you advice specific to your situation and help you find additional financial resources.
Check Your Understanding
#1. If you are a current or prospective student, should you fill out the FAFSA (or WASFA)?
Students should always fill out the FAFSA or WASFA (which option depends on eligibility)
#2. In order to be eligible for ___, you need to complete the FAFSA/WASFA.
Students should always fill out the FAFSA or WASFA (which option depends on eligibility)
Results
Nicely done! It looks like you really understand this module!
If you are still a little confused, you may want to review this module.