| Author |
Message |
Kimberly
Guest
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| Posted: Mon Jan 19, 2004 1:56 am
Post subject: Do you have to wait for W2's to complete FAFSA? |
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Our W2's won't be here for another few weeks and I would really like
to go ahead and submit my FAFSA. Can I use the information from our
last pay stubs instead of waiting for the W2 to arrive?
Thanks,
Kim
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Devon
Guest
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| Posted: Mon Jan 19, 2004 7:53 am
Post subject: Re: Do you have to wait for W2's to complete FAFSA? |
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I'm sure no expert -
but from what I understand it's better to estimate ( from previous year tax
return if it's somewhat similiar, or in your case - year end pay stubs ) and
then correct later based on actual amounts, in order to meet early
deadlines - than wait for accurate information initially.
"Kimberly" <ouhkim@yahoo.com> wrote in message
news:a3ccaea0.0401181056.4c121bcd@posting.google.com...
| Quote: | Our W2's won't be here for another few weeks and I would really like
to go ahead and submit my FAFSA. Can I use the information from our
last pay stubs instead of waiting for the W2 to arrive?
Thanks,
Kim |
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| Back to top |
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Steve Blank
Guest
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| Posted: Mon Jan 19, 2004 1:17 pm
Post subject: Re: Do you have to wait for W2's to complete FAFSA? |
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Kimberly wrote:
| Quote: | Our W2's won't be here for another few weeks and I would really like
to go ahead and submit my FAFSA. Can I use the information from our
last pay stubs instead of waiting for the W2 to arrive?
Thanks,
Kim
|
It is more important that you submit the FAFSA by the earliest deadline
of all your schools than it is to be 100% accurate. For many schools,
missing the deadline by even one day means those on time get first shot
at the available money, and those who are late have to wait and see if
there's anything left.
You can always make corrections. So if waiting for the final official
figures and completing your taxes would mean missing the deadline, go
with final paystubs and best guesses on the other income info.
--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761
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Kimberly
Guest
|
| Posted: Mon Jan 19, 2004 7:56 pm
Post subject: Re: Do you have to wait for W2's to complete FAFSA? |
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|
Thanks for the replies Steve and Devon! My school requires that it
the FAFSA be submitted no latter than the last day of February. I
will have my W2s by then. I wasn't sure if it would be better for me
to go ahead and file with my paystubs or wait for the W2s since they
will be here before the deadline. I am wondering if the earlier you
get it in the better your chances are at getting enough student aid?
Also, how difficult is the corrections process? Will it slow down the
processing of the financial aid?
Thanks again,
Kim
Steve Blank <steve@randallblank.com> wrote in message news:<RDKOb.10177$kp7.4646@newssvr16.news.prodigy.com>...
| Quote: | Kimberly wrote:
Our W2's won't be here for another few weeks and I would really like
to go ahead and submit my FAFSA. Can I use the information from our
last pay stubs instead of waiting for the W2 to arrive?
Thanks,
Kim
It is more important that you submit the FAFSA by the earliest deadline
of all your schools than it is to be 100% accurate. For many schools,
missing the deadline by even one day means those on time get first shot
at the available money, and those who are late have to wait and see if
there's anything left.
You can always make corrections. So if waiting for the final official
figures and completing your taxes would mean missing the deadline, go
with final paystubs and best guesses on the other income info. |
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|
| Back to top |
|
|
Steve Blank
Guest
|
| Posted: Mon Jan 19, 2004 11:46 pm
Post subject: Re: Do you have to wait for W2's to complete FAFSA? |
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|
Kimberly wrote:
| Quote: | Thanks for the replies Steve and Devon! My school requires that it
the FAFSA be submitted no latter than the last day of February. I
will have my W2s by then. I wasn't sure if it would be better for me
to go ahead and file with my paystubs or wait for the W2s since they
will be here before the deadline.
|
As long as you meet the deadline you should be okay, but I like to file
as early as possible in case something goes wrong.
I am wondering if the earlier you
| Quote: | get it in the better your chances are at getting enough student aid?
|
It shouldn't make any difference, but...
| Quote: | Also, how difficult is the corrections process? Will it slow down the
processing of the financial aid?
|
If you've done the original FAFSA online, the correction process is
quick and easy.
| Quote: |
Thanks again,
Kim
Steve Blank <steve@randallblank.com> wrote in message news:<RDKOb.10177$kp7.4646@newssvr16.news.prodigy.com>...
Kimberly wrote:
Our W2's won't be here for another few weeks and I would really like
to go ahead and submit my FAFSA. Can I use the information from our
last pay stubs instead of waiting for the W2 to arrive?
Thanks,
Kim
It is more important that you submit the FAFSA by the earliest deadline
of all your schools than it is to be 100% accurate. For many schools,
missing the deadline by even one day means those on time get first shot
at the available money, and those who are late have to wait and see if
there's anything left.
You can always make corrections. So if waiting for the final official
figures and completing your taxes would mean missing the deadline, go
with final paystubs and best guesses on the other income info.
|
--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761 |
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