When should I update my FAFSA for this year?

Answer

As soon as possible! The new FAFSA is made available every October 1st, nine months before the July 1st effective date. With the earlier release date, the FAFSA application requires income tax information from two years prior (ex. The 2019-20 FAFSA uses 2017 tax information).

Rasmussen University recommends utilizing the IRS Data Retrieval Tool within the FAFSA to transfer your IRS income information directly from the IRS. The IRS Date Retrieval Tool is typically available 2-3 weeks after filing taxes electronically or 6-8 weeks after filing by paper/mail. Please note this tool will not be an option for:

  • Applicants who are married but filed separate returns,
  • Those with a change in marital status after the end of the tax year
  • Those who filed a foreign tax return

If you fall into one of these categories, you will need to manually enter your income tax information for yourself (and, if married, your spouse).

Remember add a school code to your FAFSA so Rasmussen University is sent a copy of the results. A list of Rasmussen University’s school codes can be found at: http://www.rasmussen.edu/tuition/financial-aid/.

The FAFSA can be completed at https://studentaid.ed.gov/sa/fafsa.

Contact the Federal Student Aid Information Center with any questions on FAFSA Completion at 1-800-433-3243.

  • Last Updated May 01, 2019
  • Views 2502
  • Answered By Kerry Louvier

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