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FAFSA

6 Items to Complete the FAFSA Faster

By Staci Holzheimer

The FAFSA process has been greatly simplified. If you have the following information at your fingertips, it takes most people about an hour to complete.

  1. Federal Student Aid ID (FSA ID) for both the parent and the student. You apply for this online at fsaid.ed.gov.
  2. Student’s Social Security number and date of birth
  3. 2017 federal tax return of the parent, and if applicable, the student
  4. 2017 untaxed income records which include veteran’s non-education benefit records, child support received and workers’ compensation
  5. Assets which include the balance of cash, savings and investments
  6. Alien registration or permanent resident card if not a U.S. citizen

The FAFSA can be completed in about 30 minutes if you know what to expect and have the information you need at your fingertips.

Need more assistance to complete the FAFSA?

Bank of North Dakota has created a series of videos to answer common questions on the FAFSA about items like what you need to get started, how to report assets and how to handle applying if a student is from a separated or divorced family. The Federal Student Aid website where you complete the FAFSA also provides the ability to request help with specific questions.

Income and assets impact how much financial aid a student is eligible to receive. Learn which assets must be listed on the FAFSA in this video.
A student’s dependency status must be listed on the FAFSA and determines whose information must be reported. This video explains whether a student qualifies for a dependent or independent status.
Families come in all sizes. This video explains how to determine and correctly report family size on the FAFSA.
A parent who claims a student on their taxes is not always the parent whose information should be reported on the FAFSA. Learn how to complete the FAFSA when a student has divorced or separated parents in this video.

Application dates

If you will attend college between July 1, 2021, and June 30, 2022, you can submit the FAFSA as early as October 1, 2020. File as soon as possible because some financial aid is awarded on a first-come, first-served basis.

Staci Holzheimer

Staci is a university and student development coordinator at Bank of North Dakota. She is passionate about financial literacy and helping students fulfill their post-secondary education dreams while encouraging them to be responsible with their financial decisions. Naturally, Staci loves the hunt for a good deal when shopping for anything, especially home décor!

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