Updating tax data - revise cash$ also?

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Updating tax data - revise cash$ also?

Postby coutin » Wed Jan 02, 2013 7:54 am

I am a parent - first experience of FAFSA.
I forsee initially inputing estimated income data and then updating it when my tax return is filed.
My question is - will the "cash available" need to be revised for the new date, or is the original submission retained?
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Re: Updating tax data - revise cash$ also?

Postby coutin » Mon Jan 14, 2013 8:48 am

Answering my own question:
I used the FAFSA help messenging, which worked great: The cash declaration date is that of the original submission - it does not get updated when you update the tax return data.
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Re: Updating tax data - revise cash$ also?

Postby steve.blank » Thu Jan 24, 2013 10:36 am

The FAFSA requires your asset information as of the original date you submit the FAFSA. It cannot be updated if changes occur later.

Since the income information typically has to be estimated, you are supposed to update that once your taxes have been done.

Steven Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
203-250-7761
Steven Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
203-250-7761
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