The government has announced changes to the Free Application for Federal Student Aid (FAFSA), beginning with the 2017-2018 academic year. These changes will impact all incoming and returning college students, so here are the things you need to know.
These are permanent changes going into effect for the 2017-18 academic year, so it affects all incoming and returning college students.
Students can potentially benefit in a few ways:
File the FAFSA as soon as you are able! UNH uses the FAFSA when determining eligibility for Federal and Institutional aid, need-based grants, loans, and work-study funds. Money is limited in some instances, so don't delay. With the FAFSA available as early as October 1, you’ll now have five months to complete the form by the priority deadline of March 1! Filing after March 1 can limit the resources available to you.
At this point, it's too early to tell how changes to the FAFSA will affect the admission application process. Currently deadlines will remain the same with a fall application deadline of April 1 and a commitment date of May 1.
If you are a new student and your financial aid file is complete, we will notify you about your award shortly after you have been admitted. Continuing students can expect to receive their financial aid awards in early spring.
Since some of the information could have changed or you may have used estimated information, you will need to enter the tax and income information again. However, using the Data Retrieval Tool allows you to fill in some of the information automatically from the IRS records, reducing the information you’ll need to enter manually.
You must report the 2015 tax and income information as required on the FAFSA. If your family’s financial situation has changed substantially since 2015, you can notify the financial aid office to allow your application to be evaluated with more current information. If the family situation has changed since you filed the FAFSA (for example, as a result of a divorce or job loss), do not update the FAFSA but instead notify the financial aid office to discuss how to consider your family’s new situation and whether it will impact your eligibility for financial aid. Students wishing to provide update financial information can submit a Special Circumstance form to the Financial Aid Office with any corresponding documentation.
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