FAFSA Changes for the 2017-2018 Academic Year
Helpful information from Chris Mowl, Associate Director of Financial Aid
Two major changes have occurred with the Free Application for Federal Student Aid (FAFSA) starting with the 2017-2018 Academic Year:
- Early FAFSA - Students submitting a 2017-2018 FAFSA will be able to do this starting on October 1st, 2016. Under the previous model students would not have been able to submit a FAFSA until January 1st, 2017.
- Prior-Prior Year Data (PPY) – Student submitting a 2017-2018 FAFSA are now required to put in their 2015 income information. Under the previous model students would be inputting their 2016 income information.
How will these changes impact the SCPS student population here at Elizabethtown College?
Early FAFSA – Early FAFSA will have no impact on our SCPS student population. We do not offer financial aid to students for a semester until they are registered for that semester. Registration for the Summer 2017 semester and the Fall 2017 semester does not open until early-April of 2017, so aid packages will not start going out until late April 2017. We will send out application reminders in March as we have in the past. You are welcome to complete your 2017-2018 FAFSA now if you wish, just be advised there is no financial advantage to doing it now as compared to doing it in the spring.
Prior-Prior Year Data (PPY) – This will have an impact on our SCPS student population. You will be required to input 2015 income information on the FAFSA. This is good, since all students should have their 2015 taxes complete by now. Because of this our office encourages all students to take advantage of the IRS Data Retrieval tool (DRT) on the FAFSA which will electronically import your 2015 tax information from the IRS into your FAFSA. If you are selected for FAFSA verification and you successfully used the DRT, you will not be required to submit tax documents to us. Also, in the past it was difficult for a student to do a FAFSA if you had not filed your taxes yet. With PPY, you no longer have to guess at your income because your 2015 taxes should be completed. If your 2016 or estimated 2017 income will be much less than it was in 2015 due to a job loss or other financial hardship, contact the Financial Aid Office at Elizabethtown College for assistance.
Associate Director of Financial Aid