Two changes to FAFSA help students understand options earlier
September 22 2016 - 8:00AM
Many college students haven’t taken their first mid-term exam this
semester and it’s already time to prepare for another important
assignment. That’s because the Free Application for Federal Student
Aid, or FAFSA, will be accepted for the 2017-18 school year as soon
as Oct. 1. Navient, the nation’s largest student loan servicer,
reminds students and their parents to complete it as soon as
possible so that they can plan well before that tuition bill
arrives.
The change to the financial aid application process was
announced by the White House last year. Previously, the application
period didn’t open until the New Year.
The earlier submission date is a permanent change, allowing
students and their families more time to understand their financial
aid eligibility options earlier in the college application and
decision process.
“New and returning college students must fill out the
application to apply for federal financial aid,” said Patricia Nash
Christel, vice president, Navient. “Getting information about
grants, federal student loans and work-study opportunities will
help students and parents make an earlier, more informed assessment
about what they can afford.”
Also new for the 2017-18 FAFSA, students and their parents will
report income and tax information from an earlier tax year, or what
the U.S. Department of Education calls “prior-prior year” tax
information. It will help families save time since they have
already filed their 2015 taxes and they can use the IRS Data
Retrieval Tool to automatically import tax information into the
FAFSA. Students whose financial situation has changed since the
2015 tax year should talk to the financial aid office at their
school.
The online application is available for free and only at
www.FAFSA.gov.
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About NavientAs the nation's leading loan
management, servicing and asset recovery company, Navient
(Nasdaq:NAVI) helps customers navigate the path to financial
success. Servicing more than $300 billion in student loans, the
company supports the educational and economic achievements of more
than 12 million Americans. A growing number of public and private
sector clients rely on Navient for proven solutions to meet their
financial goals. Learn more at navient.com.
Contact:
Media: Nikki Lavoie, 302-283-4057, nikki.lavoie@navient.com
Customers: 888-272-5543
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