Financial Aid

After the FAFSA: What to Do Once You’ve Submitted Yours

Once you've submitted your FAFSA, you may have questions or changes to the document. Here's what you should expect and how to make edits.

The Fastweb Team

January 07, 2020

After the FAFSA: What to Do Once You’ve Submitted Yours
Congratulations! You’ve filled out your FAFSA and successfully submitted the form. It was a lot of hard work; but hopefully, when your financial aid package arrives from school, the time you put in will be more than worth it. But sometimes, families need to put a little more time into their FAFSA. From quick follow-ups to FAFSA changes, there are a few housekeeping items that sometimes have to be completed. Take a look at those specific circumstances below, and learn the next steps in the process for obtaining financial aid.

Checking to See If Your FAFSA Was Processed

Once you’ve submitted your FAFSA online, you are immediately able to check its status. If you submit a paper FAFSA, you can check the status once it has been processed, which takes anywhere from seven to 10 days after the date you mailed the form.

Where Does the FAFSA Information I Filled Out Go Next?

Once you submit your FAFSA form, the information is given to the schools you listed on the application. From there, the financial aid offices at each school will use the information you provided to figure out how much federal student aid you qualify for at their school. Plus, if the school you applied to has additional funding opportunities, they’ll use your FAFSA information to determine whether or not you’re eligible for that as well. The information is also given to your state’s higher education agency, along with any other agencies in states to schools which you’ve applied. That’s because many states have financial aid funding they award based on your FAFSA information. Sometimes, states and colleges may require more financial information from your family. In those cases, they will have a supplemental form that you will need to fill out in addition to your FAFSA. If you have questions about whether or not your state or school requires this, reach out to the financial aid office of the schools to which you plan to apply or have already applied.

Will I Hear from Anyone?

You’ll receive a Student Aid Report (SAR), a summary of the FAFSA information you sent, anytime between three days and three weeks from the time you submitted your FAFSA. It’s important to look over your SAR in order to make sure you didn’t make any mistakes on your FAFSA. Unfortunately, the SAR will not specify how much financial aid you’ll qualify for, but you will get award letters from the schools you indicated on your FAFSA form. These award letters can be electronic or paper, and the time you receive your award letters can vary. If you fill out the fall FAFSA, you can expect them sometime in the spring or up to as late as right before you start school, depending on when you submitted your information and how the school awards aid.

The Verification Process

If you see a note on your SAR that says you’ve been selected for verification, it simply means you’ve been selected to verify that the data on your form is correct. It’s not a big deal – some schools may want to verify your information or you could have been selected at random. Some schools even verify all of the FAFSA forms they receive from students. If you are asked to verify, provide the documentation that the school asks for by their individual deadline indicated. Failure to do this will not allow you to qualify for financial aid, so make sure you submit it by the deadline!

Oops – I Made a Mistake on the Form. Can I Fix It?

Making corrections to your form is easiest online, but you must wait until your application has been processed. You can make corrections or updates to your FAFSA form on the Federal Student Aid website.

My Information Changed. How Can I Update the FAFSA?

You are able to update your FAFSA information if your situation changes. You are also able to update your contact information (your mailing address, email or phone number) in case that changes. You MUST update the following changes in order to qualify for the right amount of financial aid: Dependency status – This needs to be updated if you become pregnant or if your legal guardianship changes. If your marital status needs to be updated (and only yours – the student who filed the FAFSA), contact your school’s financial aid office to see if you’re able to update the information. Household changes – IF you’re selected for verification (and only if) you must update your FAFSA to reflect any changes in your household – whether it’s yours or your parents. If your household changes as a result of marital status (and only yours – the student who filed the FAFSA), contact your school’s financial aid office to see if you’re able to update the information. Changes to the number of people in college in your household – IF you’re selected for verification (and only if) you must update your FAFSA to reflect any changes in the number of people within your household in college. This includes your household and your parents’ household. If this change is a result of your (and only yours – the student who filed the FAFSA) marital status, contact your school’s financial aid office to see if you’re able to update the information.

Where Can I Make Changes to My FAFSA?

You can make changes to your FAFSA form on the Federal Student Aid website, but you have other options, too. If you want to make changes online, login to your account on FAFSA.gov. From there, you can find a “Make FAFSA Corrections” option on the “My FAFSA” page. You are also able to write in corrections/updates on your SAR, once you receive it. There’s an address provided on your SAR to mail the correct information. Additionally, your school’s financial aid office may be able to make electronic updates to your form. Contact them directly if you have any questions about changing your form. Updates and changes to the FAFSA are not only possible; they’re encouraged. By providing the most up-to-date financial information, you’re making it possible for the federal and state governments as well as schools to create a financial aid package that works for you and your family. If you’ve already filed the FAFSA, now is as good a time as any to assess your current financial circumstances to see if you need to make a change. Try to complete any changes before your state's FAFSA deadline.

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