Common Mistakes Made on the FAFSA
When filling out the FAFSA, it’s important to make sure you’re answering all questions correctly. The biggest mistake is entering the wrong information. Many people make the error of entering the correct taxpayer identification number on the FAFSA. In order to avoid making this mistake, you should use your legal name instead. You should also enter your social security number and driver’s license number. It’s important to double-check these numbers. It’s also important not to enter nicknames, temporary addresses, and made-up numbers.
One of the most common mistakes on the FAFSA is not understanding the terms used. While some terms are similar, the IRS rules are slightly different than the rules in Congress. For example, the “parent information” section can be confusing. For this reason, it’s important to understand the term “parent information” and how it applies to you. Using a W2 form to fill out the correct data is an excellent idea.
If you have a child, you should start the FAFSA with their date of birth. For example, you can fill out the FAFSA form with the child’s name. If you don’t have parents, you can use the child’s FSA ID. The student’s social security number should match the student’s, as this will prevent mistakes that might delay the process. If you aren’t sure whether or not to use your child’s social security number, consult a financial professional before completing the form.
Other common mistakes include not updating estimated taxes, not using the correct name for a child, or using the wrong address. This can lead to the FAFSA being rejected or not being processed. You must be as accurate as possible when filling out the FAFSA. It can take up to three days to receive your FSA ID. Remember to double-check the date of birth and Social Security numbers to avoid making these mistakes.
Leaving a field blank is the most common mistake made on the FAFSA. Leave it blank or incorrect information on the form will delay processing of your application. This can cause your application to be delayed by as much as three weeks. This is why a person must carefully fill out the FAFSA. Ensure that they are correctly reported. The incorrect information can affect the processing of their application. The following are some of the most common mistakes on the FAFSA.
Not reporting income. Most applicants only list one school on their FAFSA. However, it’s essential to report any other colleges you’re interested in. A misrepresented SSN can result in a delayed financial aid award. A student’s SSN is crucial. You should never add cents as opposed to dollars. The wrong amount of income can lead to an incorrect financial aid award. So, if you’re unsure of your income, it’s best to get an expert’s help to complete the form.
The FAFSA requires the full official name of the student. Including the student’s full name, a nickname, or a nickname can result in a flagged application. It also requires the SSN of the parents. Unless the SSN matches, the Department of Education will flag the application. This can mean delays in financial aid and lower family eligibility. For this reason, parents should make sure that the SSN of their child is correct.
Adding or removing schools from the FAFSA is another common mistake. Getting the correct SSN is critical to getting the most aid. You should list all the schools you’ve applied to and the Federal School Code of each one. Do not include any other information besides the SSN and school name. You should be able to change your school’s name on the FAFSA if you’ve relocated.
Other common mistakes on the FAFSA include not indicating the correct amount of untaxed income. Students should report the correct amount of untaxed income and the total number of dependents they have. The Social Security Administration will verify this information. The correct SSN will ensure the most accurate results. A FAFSA ID should be signed by both parents. Incorrectly listing a school on the FAFSA can result in a delay in your financial aid application.