It is important to file the “Free” Application for Federal Student Aid FAFSA
each year. The student will be considered for many institutional and most federal aid programs after completing the FAFSA. Additionally, some scholarships will ask for information from the student’s FAFSA during the application process. If you have any additional questions about the FAFSA application please call 1-800-433-3243.
- If you or your parent has not completed a FAFSA FSA ID, review our FAFSA FSA ID web page for helpful instructions to get started.
Why is the December 20 deadline important?
Financial Aid programs like the ISU Grant and Federal Supplemental Educational Opportunity grants are all subject to meeting the priority deadline of December 1 for 2020-21 and December 20 for 2021-22. Filing after December 1 for 2020-21 and December 20 for 2021-22 could mean that you miss out on hundreds, if not thousands of dollars. You will still be considered for federal loans and the Pell Grant, regardless of when you file your FAFSA.
- The official FAFSA website is studentaid.ed.gov/sa/fafsa . Remember, the first F in “FAFSA” stands for “free” — so use the official Federal site to submit your application.
- For the 2021-2022 FAFSA, students must file their FAFSA by December 20, 2020 to be considered for eligibility in ISU priority aid programs with limited funding.
Documents to Have Available
- The student Social Security Number (SSN), and the parent SSN(s), if the student is dependent
- The student Driver’s License, if available
- The student alien registration or permanent resident card (if the student is not a U.S. citizen)
Items listed below will be required for the student and parent (if the student is dependent). If the student is married, these same items will be required of the spouse.
2021 – 2022
- The 2021-2022 FAFSA will use information from the 2019 IRS tax year
- 2019 wage & income information, including but not limited to: w-2’s, other income statements and/or federal IRS tax return 1040 with schedules 1, 2, and 3, or an IRS Tax Return Transcript, or 1040-PR (Puerto Rico)
- Current bank statements
- Current business and investment mortgage information, business and farm records, stock, bond, and other investment records
Filling Out the FAFSA
- Read the instructions carefully. The words “you” and “your” always refer to the student, whereas questions for parents will be specified
- Dependent students are required to provide information on their Legal Parents
- Always round to the nearest dollar, and do not use commas or decimal points
- When asked to list school codes, Iowa State University’s School Code is 001869
- Use a Currency Converter to report the value of foreign income in U.S. dollars
- List an email address checked frequently as you will receive communication at this address from FAFSA and ISU
- Follow these simple steps to transfer tax information into your FAFSA
What to Expect After Submitting a FAFSA
- Always keep a copy of the submission confirmation page for your personal records, as well as a copy of the Student Aid Report (SAR) that will be emailed to you as a follow-up to submitting a FAFSA
- Iowa State University (ISU) will send an email to the student, and parent of a dependent student, using the email address(s) indicated on the FAFSA to acknowledge receipt of the student’s FAFSA information
- This email correspondence will provide the student with details regarding any action required on their part in order for ISU to process their FAFSA information. As this information is utilized in the development of a student’s financial aid award, providing requested documentation in a timely manner will be of ultimate benefit to the student