FAFSA Changes for the 2016-2017 Year

FAFSA Changes for the 2016-2017 Year

There have been a number of significant changes to the FAFSA financial aid program for the 2016-2017 application period.

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 are applying for the 2016-2017 FAFSA and would like more information, check out their website.

Additionally, if you would like assistance in figuring out what financial aid works best for you, don’t hesitate to contact us. Please call Jeremy Cordova at our office at 505-888-7643, or email him at jeremy@apluscoaching.com.

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