Please read carefully as there are changes coming to FAFSA processing.
What is Early FAFSA?
On Sept. 14, 2015, President Obama announced significant changes to the Free Application for Federal Student Aid (FAFSA*) process that will impact millions of students. Starting with the 2017–18 application cycle, the following changes will be put in place:
- Students will be able to submit a FAFSA* earlier. Students will be able to file a 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling students to complete and submit a FAFSA as early as October 1 every year. (There is NO CHANGE to the 2016–17 schedule. The FAFSA became available January 1 as in previous years.)
- Students will use earlier income information. Beginning with the 2017–18 FAFSA, students will be required to report income information from an earlier tax year. For example, on the 2017–18 FAFSA, students (and parents, as appropriate) will report their 2015 income information, rather than their 2016 income information.
|If You Plan To Attend College From
||You Will Submit This FAFSA
||You Can Submit the FAFSA From
||Using Income and Tax Information From
|July 1, 2015-June 30, 2016
||January, 2015-June 30, 2016
|July 1, 2016-June 30, 2017
||January 1, 2016-June 30, 2017
|July 1, 2017-June 30, 2018
||October 1, 2016-June 30, 2018
|July 1, 2018-June 30, 2019
||October 1, 2017-June 30, 2019
What does completing the FAFSA early mean for Schoolcraft students?
The availability of the FAFSA beginning Oct 1 will mean that Schoolcraft will start processing and awarding 2017-18 FAFSA’s beginning in early March 2017. Once we begin the awarding process, students will need to check their SC mail account for their award notice or if the Financial Aid Office requires additional information.
Will I have to complete the FAFSA at a new website?
No. The FAFSA will be completed at the same website, www.fafsa.gov.
The Office of Financial Aid often offers free open houses if you need assistance with the application. Check www.schoolcraft.edu/aid for any upcoming open house dates.
Which FAFSA do I complete?
- Complete the 2016-17 FAFSA if you want to attend Schoolcraft during the Summer 2016, Fall 2016, Winter 2017, and/or Spring 2017 terms.
- Complete the 2017-18 FAFSA if you want to attend Schoolcraft during the Summer 2017, Fall 2017, Winter 2018, and/or Spring 2018 terms.
What tax information do I use?
The 2016-2017 FAFSA will use 2015 tax information
The 2017-2018 FAFSA will use 2015* tax information
The 2018-2019 FAFSA will use 2016* tax information
*Beginning with the 2017-2018 FAFSA, students and parents will use tax and income information from two years prior.
Still Have Questions?
Contact the Financial Aid Office at 734-462-4433 or firstname.lastname@example.org
College Students and Parents: What you Need to Know About the 2017-18 FAFSA