Once your FSA ID has been established for both student and parents, the Free Application for Federal Student Aid (FAFSA) (www.fafsa.gov) is the common application to apply for federal, state, and institutional funds. This includes scholarships, grants, loans, and student employment. It should be filed as soon as possible after January 1st. Pay special attention to the following most common missed items to make sure your FAFSA gets received and processed:
The U.S. Department of Education will send you an electronic Student Aid Report (SAR) when it has processed your FAFSA. Read this SAR carefully. If your SAR states that you have been selected for verification, you will need to do the IRS Data Retrieval and submit a verification worksheet to the Office of Financial Aid.