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Free Application for Federal Student Aid (FAFSA) Information


What is the Free Application for Federal Student Aid (FAFSA)

The Free Application for Federal Student Aid (FAFSA) is the key application to determine eligibility for federal, state, and IUPUI financial aid. You are encouraged to apply online via FAFSA on the Web.

Completing the FAFSA is free. You should be wary of mailings or web sites that require you to pay a fee.

When should I submit the FAFSA?

The FAFSA is available October 1 each year; the version of the FAFSA that you need to complete depends upon when you will be attending classes for which you need financial aid. The following information provides a reference chart to connect the IUPUI semesters with the corresponding FAFSA form:

IUPUI Semester

FAFSA Form

Income/Tax Year

 

Fall 2016

 

2016-2017 FAFSA

 

2015

 
 

Spring 2017

 

2016-2017 FAFSA

 

2015

 
 

Summer 2017

 

2016-2017 FAFSA

 

2015

 
 

Fall 2017

 

2017-2018 FAFSA

 

2015

 
 

Spring 2018

 

2017-2018 FAFSA

 

2015

 

The priority FAFSA receipt deadline is March 10th each year. By meeting the priority FAFSA deadline, eligible Indiana residents are considered for most forms of state aid. Additionally, by meeting the priority FAFSA receipt deadline students will receive maximum consideration in the aid awarding process.

Students can still apply after the March 10th receipt deadline. However, these students will be considered for Federal Pell Grant and Federal Direct Loans, but will not be eligible for most forms state aid.

The Easy FAFSA Filing Option
The IRS Data Retrieval Tool (IRS DRT) makes FAFSA filing even quicker and easier by allowing students and parents to import their tax return information directly from the IRS website into their FAFSA. We highly recommend using this tool when filling out the FAFSA for the following reasons:

1.) It is the quickest and easiest way to complete the tax information portion of the FAFSA.
2.) It is the best way to ensure that the tax information listed on your FAFSA is accurate.
3.) If selected for the verification process, you will not need to provide a copy of your or your parents' tax transcript to the university - making that process quicker and easier as well!

FAFSA Follow-up Steps:

Review the status of the FAFSA 3 to 5 days after you have submitted it. Make corrections as soon as possible to assist in the timely and accurate processing of your financial aid.

The state requires any FAFSA edit corrections be submitted on or before May 15th. After March 10th, you are encouraged to check eStudent for any edits that must be corrected by the May 15th deadline.

You are encouraged to regularly monitor your IUPUI email account and One.iu.edu To Do list for any FAFSA related issue that you must resolve.