Steps to renewing

1. FAFSA RENEWAL
for 2015-2016 academic year

2. FAFSA Renewal GOAL
Continue to receive

3. FAFSA Renewal GOAL
Timely Completion: Deadlines
• Complete FAFSA renewal with estimated financial
informationJan 1st-Feb 1st
• MAP GRANT DEADLINEFebruary
• Update FAFSA with parents & student 2014 tax
information
• Complete CSS profile(if necessary)
February-
March
• Submit verification documentation to school
• Docs include: W2, Independent or Dependent
Verification Form, Tax Return Transcript 2014(if Data
Retrieval did not work)
March- May

4. Terms you should know….
• COA= Cost of Attendance
• EFC=Expected Family
Contribution
• Financial Need= COA
minus EFC
• Merit Based
Funding=Scholarship
• Need Based
Funding=Grants

5. Getting started: What documents do I need
• 2013 Federal Income Tax Return(Parent & Student)
• -IRS 1040, 1040A, 1040EZ
• 2013 W2s
• Social Security Number(student & documented Parents)
• Parent birthdates
• PIN(Student & documented Parents)
• If parents are divorced or separated ( month and year of
divorce)
• Estimated amount in Parent’s savings account
• Estimate of business or rental income investment

6. FAFSA HOMEPAGE
CLICK HERE

7. Getting started- File the correct year
-2015-2016
-Begin with FAFSA
RENWAL

8. Getting started- Skip Introduction Page
-click NEXT

9. Student Demographic Information
• Inaccuracy here
can delay aid
• Update
information. Such
as an email or
address change

10. Student Eligibility
• All Men should select “YES” for
Selective Service
• When you begin college in 2015-
2016 what will your grade level be?
"Grade level" does not mean the
number of years you have attended
college, but refers to your grade level
in regard to completing your degree
or certificate. A student who is not
enrolled full-time will require more
years than a full-time student to reach
the same grade level.
• 0-30 credits 1st year
• 30-60 credits 2nd year
• 60-90 credits 3rd year
• 90-120 credits 4th year
• Are you interested in work-study?
• YES

11. School Selection
List up to 10 schools
• Current school
• School you may
attend during the
summer
• School you may
transfer to

12. Dependency Status
Most of these questions will
stay the same unless:
1. Are you married now?
2. Are you now a parent?
3. Are you currently serving on
active duty
5. On or after July 1st were you
homeless or were you at risk of
being homeless?
• If you answered yes…your
dependency status will
change.

13. Dependency Status
If selected as a DEPENDENT
student select
“I will provide parental
information”

14. Parent Financial Information
• Select WILL Complete
If your parents file taxes
• Follow Help & Hints
to the right.

15. Parent Financial Information
-What type of income
tax return will your
parent file?
Located at the top left
corner of the IRS tax form
• Follow Help & Hints
to the right.

16. Is your parent a dislocated worker?
• A dislocated worker is someone who meets ONE or more of the
following:
• Lost their job or been laid off
• Is receiving unemployment benefits and is unlikely to return to a
previous occupation. (like a telephone switchboard operator, for
example)
• Is self employed but is unemployed due to economic conditions or
natural disaster
• Is a displaced homemaker - someone who previously provided unpaid
services to the family, like a stay at home parent, is no longer
supported by a partner, and is having trouble finding a job
• A dislocated worker is NOT:
• Someone who quit
• Someone who got fired for cause
• Someone who just doesn’t want to work

17. Parent’s assets
Net Worth Formula for real estate investment.
(Market Value – Amount Owed)
Example: Your parents own an investment property valued at $100,000; however,
$75,000 in debt is owed on the property. The net worth of the investment is $25,000
($100,000-$75,000 = $25,000).
Include rental units
Not the home you live in.

18. Student Financial
Information
Did you work in 2014?
If yes continue to next
question
Will you file taxes this
year?
If yes select “Will File”
and then “IRS 1040” and
then an estimated
amount you earned in
2014
If no select “Will not file”
And then enter an
estimated amount you
earned in 2014

19. Student
Financial
Information
Did you work in 2014?
If yes continue to next
question
Enter “0” for the amount
of income tax for 2014
Exemptions:
If you will not claim
anyone including
yourself enter 0

20. Sign & Submit
• Are you a
preparer?
NO
• Sign with
parents PIN.
If parent does NOT
have a pin. Print a
signature page and
mail it out.
• Sign with your
PIN