In January, students are encouraged to begin gathering wage statements and other documentation to prepare taxes in a timely manner. A reminder will be sent to recurring borrowers from the Department of Education to complete the FAFSA document for fall aid. FAFSAs are renewed each year.
Federal tax return must be submitted by the deadline in April unless an October 1st extension was granted. Direct Lending opens a new year for the upcoming fall loan applications.
Note: April is the preferred deadline (or sooner if possible) if taxes are filed and accepted by the IRS to import tax figures onto the FASFA within the FAFSA program.
In order for financial aid to appear on the student financial statement with registration for the fall semester, the signed Financial Aid Award letter must be returned. Refer to Direct Loans: Steps to Apply to ensure aid is in place.
Although the specific date is established each year, this is the due date for tuition for the Fall semester unless loans are secured for tuition coverage.