Indianapolis students and families are encouraged to apply for Free Application for Federal Student Aid (FAFSA), which is now open for the school year 2022-2023.
Indiana’s Commission for Higher Education reminds Hoosiers to file the FAFSA by April 15, 2022, to secure financial aid for college and access some of the $390 million in state financial aid and the billions in federal aid available to them.
Indiana Commissioner for Higher Education Teresa Lubbers said, “Regardless of family income, filing the FAFSA is an important first step for anyone interested in education and training beyond high school.
Most Hoosiers think they are not eligible for state or federal financial aid, so a lot of money is left on the table each year. A significant amount of funding is available to help with college costs, but you must have filed a FAFSA first.
FAFSAs need to be filed to apply for many of Indiana’s scholarship and grant programs, including the Next Level Jobs Workforce Ready Grant and the Frank O’Bannon Grant, and colleges often require FAFSAs to award need-based and merit scholarships. In order to possibly qualify for available financial aid, students should file the FAFSA regardless of their degree – including short-term certificates, associate and bachelor’s degrees, and higher.
Indiana’s 21st Century Scholars program, which encourages students to attend college early, currently qualifies nearly 15,000 high school seniors. The FAFSA must be completed on time in order for Scholars to earn the full scholarship amount of up to four years of college tuition.
Filling out the FAFSA
You can file the FAFSA online at FAFSA.gov. If you have never filed the FAFSA before, you should create your FSA ID first.
- Social Security number
- Alien Registration number (non-U.S. citizens)
- Federal income tax returns, W-2s and other records of money earned from 2020
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
Free Application for Federal Student Aid (FAFSA) will be simplified and shortened for the 2023-24 academic year. However, filers will notice a new look to the form this year, making it easier to use. The U.S. Department of Education offers email and live chat assistance to FAFSA filers, as well as a helpline at 800-4FED-AID. Hoosier Indiana families can also get free FAFSA assistance through INvestEd Indiana at www.investedindiana.org.
Student loans may be eligible for forgiveness in a variety of situations
Consolidating private student loans
Loan forgiveness program for public service employees
Consolidating your federal education loans: It will modify your payments