Higher Education News
Congratulations! You submitted your 2016–17 Free Application for Federal Student Aid (FAFSA®)! Wondering what happens next? Here are a few things to look out for:1. Review Your Student Aid Report (SAR)
After you submit your FAFSA, you’ll get a Student Aid Report (SAR). Your SAR is a summary of the FAFSA data you submitted. Once you have submitted your FAFSA, you’ll get your SAR within three days (if you signed your FAFSA online) or three weeks (if you mailed a signature page.)
Any student with an FSA ID can view and print his or her SAR by logging in to fafsa.gov and clicking on the appropriate school year. This is also where you can check the status of your application if you have not received your SAR yet. Once you get your SAR, you should review it carefully to make sure it’s correct and complete.2. Review Your EFC
When reviewing your SAR, look for the Expected Family Contribution (EFC) number. Your EFC can be found in the box at the top of the first page of your SAR, under your Social Security number.
Your EFC is a measure of your family’s financial strength and is calculated according to a formula established by law. This formula considers the following about you (and your parents, if you’re dependent):
- Taxed and untaxed income
- Benefits (such as unemployment or Social Security)
- Family size
- Number of family members who will attend college during the year
Schools use your EFC to determine your federal student aid eligibility and your financial aid award. However, it’s important to remember that your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive. Contact your school’s financial aid office if you have any questions about how they calculate financial aid.3. Make Corrections If You Need To
It’s important to make sure that everything on your FAFSA is correct and complete, as your school may ask you to verify some of the information. Most of the questions on the FAFSA want to know your situation as of the day you sign the FAFSA. However, there are some instances in which you’ll want to (or be required to) change the information you reported.
TIP: You must wait for your most recent FAFSA submission to process before you can update or make corrections to your FAFSA. That usually take about three days.
Do you need to update any information?
- Log in with your FSA ID.
- Click “Make FAFSA Corrections.”
- Corrections should be processed in 3–5 days and you should receive a revised SAR.
- After you click “SUBMIT” you cannot make another correction until your FAFSA has been processed successfully.
Did you submit your FAFSA using income and tax estimates?
- Log in with your FSA ID.
- Navigate to the “Financial Information” section.
- Indicate that you have “Already completed” your taxes.
- If you are eligible, you will have the option to use the IRS Data Retrieval Tool. If not, you may update your tax information manually.
Has your situation changed?
Most FAFSA information cannot be updated because it must be accurate as of the day you originally signed your FAFSA. However, there are certain items that you must update. If there will be a significant change in your or your parent’s income for the present year or if your family has other circumstances that cannot be reported on the FAFSA, you should speak to the financial aid office at the school you plan to attend.4. Review Your Financial Aid History
The last page of your SAR includes information about your financial aid history, specifically the student loans you have taken out. It’s important to keep track of how much you’re borrowing and to understand the terms and conditions of the loan.
TIP: You can always access your financial aid history by logging into My Federal Student Aid. Make sure you have your FSA ID ready.5. Double-Check With Your Schools
Lastly, make sure that you double-check with the financial aid offices at the schools you applied to. Sometimes schools need additional paperwork or have other deadlines. You never want to leave money on the table!
Here’s a video on what happens after the FAFSA. You can find more videos on our YouTube channel.
Sandra Vuong is a Digital Engagement Strategist at Federal Student Aid.
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As a Teaching Ambassador Fellow, my colleagues and I have the honor of speaking with thousands of educators, parents, and students across the country about their greatest hopes for education and what’s working well for them or not. Just as I have struggled with the amount of testing in my own classroom, we invariably hear about the amount of instructional time and energy devoted to testing.
Don’t get me wrong. As a teacher, I know that assessing learning is a critical part of our on-going work. However, as the President outlined in October, assessments must be worth taking and of high quality; designed to enhance teaching and learning; and give a well-rounded picture of how students and schools are doing.
In a rush to improve and document one measure of student progress, well-meaning people have layered on more and more tests and put too much instructional focus on test scores rather than teaching and learning. The burden of this falls on our students.
The day I knew that I wanted to help bring our testing situation into better balance was when a ten year old student stood in front of me sobbing that despite lots of hard work, she was sure she had failed a high stakes assessment. She could not catch her breath to express her fear at what would happen to her. As I dried her tears, I knew that I did not want to stand by and be a part of a system that made any child feel that all that mattered was a number on what I knew was a low-quality test.
This past Tuesday, Acting Secretary John King released a video announcing new guidance to help states identify and eliminate low-quality, redundant or unhelpful testing. This guidance shares how federal money may be used to help reduce testing and bring testing back into balance for teachers and students.
The guidance outlines numerous ways funds can be used by States and districts to collaborate with teachers, administrators, family members and students to audit assessments; improve the use of the data; increase the transparency and timeliness of results; and to improve the quality of the tests our students take. As I work with the Department’s Teach to Lead initiative, I’ll note that this seems like a particularly ripe opportunity to call on our schools’ many talented teacher leaders to help improve tests.
We are at a tremendous moment in education to be able to step back in our states to put the balance back in assessment with the help of Federal resources. All of our voices need to be part of the discussion. Our students are counting on us.
JoLisa Hoover is a 4th grade teacher at River Ridge Elementary School in Leander Independent School District near Austin, Texas and a 2015 Teaching Ambassador Fellow at the U.S. Department of Education.