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2023-2024 FAFSA Walkthrough Video English 

Utah College Awareness & Financial Aid
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This is a step-by-step video walkthrough of the 2023-2024 FAFSA (Free Application for Federal Student Aid) brought to you by the Utah System of Higher Education. You must complete the FAFSA in order to determine your eligibility for federal aid for college - including grants, work-study, and federal student loans.
If you will be attending college in Fall 2023 or Spring 2024, choose the 2023-2024 FAFSA (featured in this video). If you will be attending college in Fall 2022 or Spring 2023, choose the 2022-2023 FAFSA, and you can find that video here: • 2022-2023 FAFSA Walkth...
If you are attending college in a summer semester, talk to the financial aid office at your college or university to ask which FAFSA you should complete.
Visit our RU-vid channel for a Spanish version of this video ( • 2023-2024 Español/Span... )
Need a different language? Try RU-vid's translation caption feature by clicking the gear icon/settings button in the bottom right corner of the video, then click "subtitles", then click "auto translate" and choose a language from the list!
This video moves quickly. We recommend the following: watch a section, pause, complete that section, and repeat until finished.
Please note, we do our best to respond to comments throughout the workday (8am-5pm MT Monday-Friday), but if you need immediate or after-hours assistance, you can always call Federal Student Aid at 1-800-433-3243 or use their chat feature: studentaid.gov...
This video is brought to you by:
Utah System of Higher Education and
my529 (my529.org)
Introduction: 00:00
Creating your FSA ID: 00:15
Starting the FAFSA: 1:37
Student Demographics: 3:14
School Selection: 6:36
Dependency Status: 8:55
My529 Savings Accounts: 12:05
Parent Demographics: 13:11
Parent Financials: 17:24
Student Financials: 27:23
Sign and Submit: 29:13

Опубликовано:

 

15 авг 2024

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Комментарии : 54   
@danielhartnett2755
@danielhartnett2755 Год назад
Thank you for this! I work in Admissions at a state college but often find myself answering FAFSA questions and helping prospective students complete it. Love watching your videos each year to update myself to be the best prepared I can be for the students. Appreciate the work you do!
@robinbourgault86
@robinbourgault86 Год назад
Thank you so much for this great video and instruction!!!!
@lizettemerchan4966
@lizettemerchan4966 Год назад
As usual @Utah College Awareness & Financial Aid resources are a "jewel" to all! #CheckingouttheSpanishOneaswell!!
@CalifornianWanderLust
@CalifornianWanderLust Год назад
Thankyou so much. I found this really helpful.
@DC-fq6mv
@DC-fq6mv Год назад
This is such a wonderful and detailed video. Thank you. I have a question regarding parent financials and will try and contact student aid tomorrow, but I wanted to know if under Parent Income From Work, if it includes unemployment compensation? It says for example: Parent 1 from working wages, salaries, tips, etc.) Is unemployment considered "etc." It was added in the 1040 as other income, but obviously not from work but being out of work. Thank you so much.
@utahcollegeaccess
@utahcollegeaccess Год назад
Yes it is included! Under the section for parent tax information it will ask about it, if you click on the gray question mark symbol next to the answer box, the FAFSA website will show you where to find it on a 1040 tax form!
@cabbageisaveggie
@cabbageisaveggie Год назад
Hello! I have a question, when you add the school that you are applying for in the FAFSA form, do you also create an account in the school your applying before or after FAFSA? Because I'm about to do FAFSA right now but not sure if I should make an account in the school I'm applying first or later also how does the money go to that account. Don't worry I'm going to rewatch your video and look online so you don't have to answer all of my questions, just the first one if you can! btw thank you so much for making this video because it's extremely helpful since I'm kind of doing it alone :)
@utahcollegeaccess
@utahcollegeaccess Год назад
Hi Cabbage, great question! To get your financial aid offer letter from the college that informs you of the aid you qualify for, you must be accepted to that college and must list them on the FAFSA. You'll probably need an account with the school to accept your offers.
@brawlboy1382
@brawlboy1382 Год назад
I have some questions: 1) I applied to 13 schools, but here maximum you can put is 10; How can I put all 13? 2) On parent information, it asks me if my parents completed any kind of tax return in 2021. But we only came 5 months ago in America, in 2021 we weren't here. Do I choose "Not going to file"? 3) Do I have to skip the questions about my and my parents' income and taxes? because I'm not sure if it's asking about 2021, at that time we weren't here. 4) Before the section 7 begins, it says: You're not done yet! You still need to submit your FAFSA® form. After you print this page, select "Continue" to sign your FAFSA form. Do I have to print that page? (I'm not sure because the form isn't ended at that time) 5) It asks me about my driver's license, but I have a permit, do I just put my permit ID?
@Bruhmoment135
@Bruhmoment135 Год назад
Thank you so much
@patakaguddi1063
@patakaguddi1063 Год назад
Thank you for the video! I have 3 questions. 1. if someone started a job in June of 2022, do they still put their income and assets even though the 22-23 FAFSA is based on the 2021 tax information 2. If someone’s parents have a bank account that is joint and they also have separate bank accounts as well, does the dependent report the assets of all 3 accounts or just the joint one? 3. If someone’s parents have a bank account that is joint and one parent also has a separate account for their business, does the dependent report the assets of the joint account and the business account combined?
@utahcollegeaccess
@utahcollegeaccess Год назад
Great Questions! To answer: 1. No you would not need to report it until next year, only your taxes from 2021 will be reported. 2. Yes, you will have to report all three of them under current assets 3. You do not need to report the business account unless there are 100 employees or more! If there are then you would add it. Hope this helps!
@user-tr1bv9ym8m
@user-tr1bv9ym8m Год назад
Hello! I want to ask about question 84 (parents’ income). My line 1 on the 1040 Form is empty, and I don’t have any other forms such as Schedule 1, Schedule K-2, or a W-2. Do I put my mother’s income as $0 (she’s single)? But the thing that confuses me is that she did work and her adjusted gross income is ~$10,000. And the video is very helpful! Thank you so much!
@utahcollegeaccess
@utahcollegeaccess Год назад
Thank you for your question! Many may not have a number in line 1, I would review to see if there is information on line 9. Line 9 is the total income on the 2021 1040 tax form, it won't have the exact answer but it could help you as you are trying to find how much money your parent made. If your mother is divorced or separate then most likely how much she made will be around line 9 and line 11. If you are having a hard time finding that amount, I would just ask your parent how much they made for the 2021 year. You can ballpark the number if you are having issues, just make sure you try to get as close as possible. If your parent is married or living together, then that total income and adjust gross income is split between both parents and you'll need to figure out how much one parent made compare to the other to get those numbers.
@hannouni
@hannouni 8 месяцев назад
Hello. Thank you for a great video! A question about parents financials. A student's parents are noncitizen so zeroes were entered for both parents’ social security numbers, foreign country was selected for both, then not going to file taxes, and finally entered earnings information but till asked about IRS information and cannot proceed. Any idea what's going wrong?
@utahcollegeaccess
@utahcollegeaccess 8 месяцев назад
At what question is it asking for IRS information? Even with the error showing up, are you able to click continue?
@kindree5414
@kindree5414 Год назад
I usually answer ‘No’ to the parent assests questions but I did not get an option of Yes or No this time. Instead I got “Does it exceed $0.00?” Did I not get the Yes or No option for assets because I used the tax data retrieval form for IRS instead of filling manually? So, I’m supposed to combine what my parents have in their checking account, their saving account, and all the cash is their wallet? Does the include how much money is in their debit card? Only my father works so do i only use his information?
@utahcollegeaccess
@utahcollegeaccess Год назад
Yes, you will need to list all the assets your parents have in the parent financials section and then later you will need to list all your assets in the student financials section. In the first box you will need to combine the following amounts as of today: checking account amount, savings account amount, and any cash. Then in the second box, you will need to list the net worth of your parent's investments including: 529 accounts, stocks/bonds outside of retirement, value of cryptocurrencies, real estate beyond your parent's primary residence, etc. In the third box, you will list the net worth of your parents' current businesses and/or investment farms such as: a business with 100 or more full-time employees and a non-family-operated farm What you should not list here is your parent's primary residence, any vehicles they drive, and any retirement accounts or retirement investments.
@djessica9615
@djessica9615 Год назад
Do you create a new save key or use the old one? What if you forgot the old how do you create a new one
@utahcollegeaccess
@utahcollegeaccess Год назад
Great question, you use the Save Key you created when you started the application. If you forgot what it is then there is a button you can click that says "forgot my save key".
@Karla-um4dr
@Karla-um4dr Год назад
i got a question if you are under a guardianship but are dependent on their taxes do i not check that question and list myself as a dependent or do i check it and consider myself an independent?
@utahcollegeaccess
@utahcollegeaccess Год назад
Great Question Karla! If someone other than your parent or stepparent has legal guardianship over you as determined by a court in your state. Even if they report you as a dependent on their taxes, you can still check the box on your FAFSA and you do not need to report their information!
@khoalatoi6966
@khoalatoi6966 11 месяцев назад
Hi for the parents income from work, does unemployment benefit count as income from work ? Thank you so much
@khoalatoi6966
@khoalatoi6966 11 месяцев назад
Do I have to put it at untaxed income 24:15 ?
@utahcollegeaccess
@utahcollegeaccess 11 месяцев назад
@@khoalatoi6966 No, unemployment benefits will be accounted in the adjusted gross income portion. You don't need to report it elsewhere.
@MusicCentralDubstep
@MusicCentralDubstep Год назад
Is there a pro or con of the FAFSA being completed via the student vs the parent ID?
@utahcollegeaccess
@utahcollegeaccess Год назад
Great question, both are the same because both will require the same information. Both can also be resumed later on using the "Save Key" that you create when first starting the application.
@kindree5414
@kindree5414 Год назад
Hello, I am planning to apply to get a job soon and this will be my first job ever. I already submitted the fafsa and i put $0.00 for my asset and income because I have never had a job or a bank account. If I get this job and get a check, do I makes changes to the fafsa form because I have money now and will open a bank account once I get the job or were all the questions on the 23-24 fafsa form applied to the year prior? Thank you.
@utahcollegeaccess
@utahcollegeaccess Год назад
Great question Kindree! Because you are just starting the job, you don't need to list what you earn from it on the 23-24 FAFSA because you report your income for 2021. Next year, when you file your taxes for 2022, you will report it on the 24-25 FAFSA!
@mamtasaravanan985
@mamtasaravanan985 Год назад
For parent demographics. what option needs to be selected for widowed moms? Should we select , my parents are married
@utahcollegeaccess
@utahcollegeaccess Год назад
In the case of a parent that is widowed there is an option for it when responding to the question "As of today, what is the marital status of your parents?" If you pause this video at 14:35 you can also see it listed as the last option under the question.
@mariaencalada291
@mariaencalada291 Год назад
Hello! I have a question for the parents income from work, only one of both of my married parents work, do I put 0 on parent 2?
@utahcollegeaccess
@utahcollegeaccess Год назад
Hi Maria, Yes if parent 2 did not work at all then you will just leave that box as zero.
@mariaencalada291
@mariaencalada291 Год назад
Even if they filled as married filling jointly?@@utahcollegeaccess
@utahcollegeaccess
@utahcollegeaccess Год назад
@@mariaencalada291 Yes, it shouldn't cause a problem if one parent didn't work and didn't earn any money for that tax year. It's actually quite common for families (married filed jointly families) to have one parent that does not have any earnings for the year.
@elenalu5877
@elenalu5877 Год назад
Hello I have a question! For the student tax filing status. I didn’t work. It says for 2021 have I completed any IRS income tax return. Which I did not. What do I select? If I do select one of the options do I insert 0 for all?
@utahcollegeaccess
@utahcollegeaccess Год назад
Great question! If you didn't work you can select "Not going to file" and you can put a 0 for income. There are a few questions that ask about savings accounts and different forms of income, you will want to look over those and see if any of those apply to you, if not you can put a 0 for those as well!
@elenalu5877
@elenalu5877 Год назад
Thank you so much! Also 1 last question. Kind of personal dilema here. The section where it asks how many dependents there is has me going back and forth. There are 5 in tota(family)l. The question asked are there any other dependents not including me of course. My brother stays with us but does not pay any rent. But He receives disability checks. I heard in a FAFSA help video where the dependent turns 24 is no longer dependent. My question is he a dependent? He basically maintains himself with his checks that he receives. This whole situation has me very confused and I don’t want to put the wrong number of dependents. If I remove him the household number becomes 4. Which it’s not correct because he still lives here. He is 23, but not going to college yet. ​@@utahcollegeaccess
@utahcollegeaccess
@utahcollegeaccess Год назад
@@elenalu5877 That part of the FAFSA has nothing to do with who they report on their taxes as a dependent. Anyone who is living with your parents, receives more than half their support financially from them, and will continue to do so for the next school year would be included as an other dependent! Hope this helps!
@elenalu5877
@elenalu5877 Год назад
@@utahcollegeaccess Thank you ! Makes sense!
@CalifornianWanderLust
@CalifornianWanderLust Год назад
I have a question I immigrated to us last year and i have never been enrolled to any college or school in US can i still apply for Fafsa before getting enrolled?
@utahcollegeaccess
@utahcollegeaccess Год назад
Yes you can still apply for FAFSA, the section about state residency on the FAFSA asks about citizenship status, so you will just want to pick what applies to you!
@CalifornianWanderLust
@CalifornianWanderLust Год назад
@@utahcollegeaccess thankyou
@utahcollegeaccess
@utahcollegeaccess Год назад
@@CalifornianWanderLust It also depends on your legal status, I would review this webpage to make sure you have all the right documents in preparation to filing the FAFSA: studentaid.gov/understand-aid/eligibility/requirements/non-us-citizens In addition, in-state tuition is a possibility depending on the state. In Utah, if you are a permanent resident, a refugee, an asylum grantee, or have a green card then you need to have lived in Utah for at least 12 months. If you are undocumented or have DACA, TPS, or DED then I would look into HB 144 for Utah here: educate-utah.org/hb144-facts/
@CalifornianWanderLust
@CalifornianWanderLust Год назад
@@utahcollegeaccess thanks for the link💓
@magicallyme96
@magicallyme96 Год назад
Question? I live with my parents but I make my own money I haven’t filed any taxes yet how would one go about this? Would I be an independent?
@utahcollegeaccess
@utahcollegeaccess Год назад
Thank you for your questions. I would review the questions on FSAs website to review whether or not you are considered independent or dependent. studentaid.gov/apply-for-aid/fafsa/filling-out/dependency If you answer no to all those questions your are considered dependent and will need your parent's information on the FAFSA form.
@brawlboy1382
@brawlboy1382 Год назад
I have some questions: 1) I applied to 13 schools, but here maximum you can put is 10; How can I put all 13? 2) On parent information, it asks me if my parents completed any kind of tax return in 2021. But we only came 5 months ago in America, in 2021 we weren't here. Do I choose "Not going to file"? 3) Do I have to skip the questions about my and my parents' income and taxes? because I'm not sure if it's asking about 2021, at that time we weren't here. 4) Before the section 7 begins, it says: You're not done yet! You still need to submit your FAFSA® form. After you print this page, select "Continue" to sign your FAFSA form. Do I have to print that page? (I'm not sure because the form isn't ended at that time) 5) It asks me about my driver's license, but I have a permit, do I just put my permit ID?
@utahcollegeaccess
@utahcollegeaccess Год назад
Great questions! For your first question here is a link to the student aid website that can provide some information on how to add more than 10 studentaid.gov/help/more-ten-colleges Yes you would still need to report tax information, under the question "What type of income tax return did your parents file for 2021?" you would select that it is a foreign tax return. If its asking you to print and sign then you will want to print it out to finish your FAFSA form as a signature will still be required from both the student and the parent. For your last question, putting in driver's license information is optional, you don't have to put anything if you don't want to/or if you don't have a license.
@brawlboy1382
@brawlboy1382 Год назад
@@utahcollegeaccess Thank you, In the first question I answered will file, In the second one I answered foreign tax return, In the third one - don't know; But it says: "You indicated the parents will file taxes. If the parents have missed the 2021 tax filing deadline that was extended due to COVID-19, but they still plan to file a 2021 income tax return with the IRS, select "OK." Otherwise, change your answer."
@utahcollegeaccess
@utahcollegeaccess Год назад
@@brawlboy1382 Above selecting what type of taxes they filed for 2021, there should be an option asking for if the parent already did file taxes for 2021, will file taxes, or is not going to file. You will want to select whichever option applies to you, and that should fix that.
@brawlboy1382
@brawlboy1382 Год назад
@@utahcollegeaccess So if we weren’t here at that time I pick not going to file? Because we immigrated this year
@utahcollegeaccess
@utahcollegeaccess Год назад
@@brawlboy1382 The FAFSA is asking if your parents filed taxes anywhere, not just in the US. Therefore, if your parents filed taxes in 2021 in the country you were living in during that year then you will report that information. You will do so by selecting that you filed taxes and that you filed a "foreign tax return". Then you'll answer the rest of the questions to the best of your ability and convert the currency amounts to the US dollar. Now if your parents did not file taxes in the country you resided in during 2021, I would double check IRS Publication 17, page 7, Table 1-1: www.irs.gov/pub/irs-pdf/p17.pdf#page=9, to see if your parents made less than the required amounts to file taxes (you may need to convert the amount to US dollar. If so, then you can put "not going to file" in the FAFSA and won't need tax information. If they made more than the amounts listed in the IRS Publication 17, and they didn't file taxes, then you may not qualify for any aid. If this is your situation, I would work with the financial aid office at the college you are planning on attending in the fall to review your situation. Since you move here recently, I would make sure that you double-check this link to make sure you are eligible to file the FAFSA, this would be if you weren't born in the US: studentaid.gov/understand-aid/eligibility/requirements/non-us-citizens, if you are an Afghan or Ukraine refugee you qualify for aid.
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