main

Completing the FAFSA (Text Version)

Madison College students and prospective students seeking financial aid should review complete Financial Aid Application Procedures in addition to completing a Free Application for Financial Aid (FAFSA). Failure to review and complete all necessary requirements may prevent processing, awarding and/or disbursement (pay out) of financial aid.

Notes:

  • If you have any questions or need assistance while going through this application, use the Helpful Hints on the right side of the application.

  • It is important that each field is filled out accurately, so have some time to go through this application to ensure that each field is filled out correctly.

  • Before starting the FAFSA, you should gather the documents that are needed to apply utilizing the list provided by Federal Student Aid

To Complete the FAFSA:

  1. Go to the FAFSA website and select "Start A New FAFSA."

  2. Login – Select “Enter your FSA ID” and “Create an FSA ID”. Enter and confirm your email and create a Username and Password *REMEMBER THIS INFORMATION*. Enter your: Social Security Number, Date of Birth, Name, Address, and Phone Number. Create 4 security questions and answers and provide a significant date in your life. Agree to the Terms & Conditions and validate your email address.

  3. Choose the aid year for the FAFSA you are filing.

  4. Create a Save Key. Remember this Save Key; you will need it to access your FAFSA if you save it and return to it later. It is recommended that you regularly save your progress while completing the FAFSA.

  5. Introduction Page - Review additional information provided by the links.

  6. Student Demographic Information - Provide contact, demographic, Citizenship, academic and previous aid information, and express whether you would like consideration for work study funds.

  7. School Selection - Add schools that you would like to have access to your FAFSA information. For Madison College, the school code is 004007. Select Search, select the check box next to the appropriate school, and select Add. Review school selection and indicate your housing plan.

  8. Dependency Determination - Answer questions to determine your dependency status. If you are considered a Dependent student for financial aid purposes, continue with the next step in this tutorial. If you are considered an Independent student, skip to step 11 in this tutorial to provide your own and your spouse’s (if married) information.

  9. Parent Demographics Information – Your parent(s) must provide their demographic information as of the date the FAFSA is completed. Depending on the answers, information may be required on both parents, a parent and step-parent, or a single parent.

  10. Parent Financial Information – Your parent(s) must provide their tax return filing information. If they have yet to file their taxes or are not going to file, they must manually enter their tax/financial information. However, if their taxes have already been completed, they may manually enter tax information or they may be able to load their tax information directly from the IRS using the IRS Data Retrieval Tool.

    1. If eligible to use the IRS Data Retrieval Tool, click Link to IRS to be transferred to the IRS database.

    2. A message indicating you are leaving FAFSA on the web will pop up, select OK.

    3. Enter the required filing status and address information exactly as it was filed with the IRS and click Submit.

    4. Review the tax information displayed, check the “Transfer my Tax Information to the FAFSA” box.

    5. Click the Transfer Now button. You will be redirected back to your FAFSA.

    6. Note: Everything transferred over from the IRS will say “Transferred from the IRS”, be sure not to change any of this information.

    7. Update the income earned from work questions (if applicable).

  11. Student Financial Information - Provide your tax return filing information. For tax return filing information, if you will file your taxes or are not going to file you must manually enter your tax/financial information. However, if you have already completed your taxes, you may manually enter tax information or you may be able to load your tax information directly from the IRS using the IRS Data Retrieval Tool.

    1. If you are eligible to use the IRS Data Retrieval Tool, click Link to IRS to be transferred to the IRS database.

    2. A message indicating you are leaving FAFSA on the web will pop up, select OK.

    3. Enter the required filing status and address information exactly as it was filed with the IRS and click Submit.

    4. Review the tax information displayed, check the “Transfer my Tax Information to the FAFSA” box.

    5. Click the Transfer Now button. You will be redirected back to your FAFSA.

    6. Note: Everything transferred over from the IRS will say “Transferred from the IRS”, be sure not to change any of this information.

    7. Update the income earned from work questions (if applicable).

  12. Sign & Submit – Indicate that you are not a preparer and agree to the Terms & Conditions. Click the sign button and then click “Submit My FAFSA Now”.  If you are a dependent student, your parent will also need to sign with their FSA ID and agree to the Terms of Agreement.

  13. Confirmation Page You can print this page for your records. In addition, at the bottom of this page FAFSA will provide you your Estimated Expected Family Contribution (EFC). It will also provide your estimated financial aid award. Note that both of these numbers are subject to change based on the information provided in your FAFSA and information provided at Madison College.

After completing your FAFSA:

Your FAFSA will be processed and sent to the Madison College Financial Aid Office. Processing times vary, please monitor your student email and To Do list for updates and instructions. Once your FAFSA is received, we will review your information to determine if any additional information is needed or process your award. For complete requirements and next steps, see Financial Aid Application Procedures.