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COMMON FAFSA ERRORS. Teresa Stover, Loan Processing Coordinator Messiah College . Parents complete the FAFSA and become confused as to whose information the application is asking for. They list their information in the parent section and again in the student section. - PowerPoint PPT Presentation
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COMMON FAFSA ERRORS
Teresa Stover, Loan Processing CoordinatorMessiah College
WHO’S INFORMATION IS IT ANYWAY?Parents complete the FAFSA and become confused as to whose information the application is asking for. They list their information in the parent section and again in the student section.When the FAFSA asks for information for “you” or “your” they want the student’s information
WHAT’S IN A NAME? Is it Joey or Joseph? The
student or parent uses a nickname in place of the “given” name or name on the Social Security Card.
Is your last name really Malina90210? The student or parent is multi-tasking and mispells their name.
SLOW DOWN AND CHECK THE SOCIAL SECURITY CARD
Incorrect social security number used. Mom or dad completes the FAFSA and uses the SS# of a sibling and not the student.
Incorrect date of birth.
IT MAKES NO “CENTS” Neglecting to round to the
dollar so $2,525.76 becomes $252,576.
Listing the same amount for AGI as wages and as taxes paid.
Using the amount of taxes withheld from the W-2
HE/SHE IS NOT MY PARENT Using information from both
biological parents when those parents are divorced
Not listing the step-parent’s information
DATA RETRIEVAL TOOL Checking recently submitted Entering the address
differently than it appears on the tax return
Linking to the site but leaving without transferring the information
FILL IN THE BLANKS If the item doesn’t apply use
the number 0. Students and parents frequently fail to answer questions.
DEPENDENCY STATUS What is providing more than
half the support of a child? Who is a veteran? What is legal guardianship?
WHAT ARE NOT ASSETS Claiming the amount in a
retirement account. Claiming the value of a small
family owned business Claiming the cash value of life
insurance
ALL THE REST Not including the student in
the Household size Filling out the FAFSA but not
signing and submitting it. Making changes to the FAFSA
but not submitting the changes.
THANK YOU FOR COMING TODAY
Questions or comments?
*The names used today have been changed to protect the innocent.