Updated: Oct 20, 2023
Article highlights
Completing the FAFSA (Free Application for Federal Student Aid) is the first step in securing financial aid for college. It’s a thorough process that takes a deep dive into your family’s financial situation, and the information you provide is used to determine your aid eligibility. If you made a mistake or need to update or change anything, rest easy—it’s possible to make FAFSA corrections, even after it’s been submitted and processed.
Let’s back up and clarify how the FAFSA works. It’s a form that students and parents fill out to apply for federal aid. That includes scholarships, grants, work-study, and federal student loans. The information you provide on the FAFSA determines your Student Aid Index (SAI) (formerly EFC). Your SAI is used to calculate how much need-based financial aid you’re eligible to receive.
It’s wise to complete your FAFSA as soon as possible once it becomes available on October 1 since some financial aid is awarded on a first-come, first-served basis.
FAFSA mistakes come in all shapes and sizes. You might choose to make a FAFSA correction if you:
Click on “Add/Change Schools” within your FAFSA account, then follow the instructions.
StudentAid.gov suggests submitting an entirely new FAFSA. However, this will change the date that your FAFSA is processed, which may cause you to miss the deadline for school-based financial aid. Alternatively, you could contact your school’s financial aid office directly to request the change, or request a paper FAFSA Submission Summary—formerly known as the Student Aid Report (SAR)—to make your changes by hand, and then return it.
Head to the financial section within your FAFSA account and follow the instructions. Your Federal Tax Information (FTI) can be retrieved and transferred directly into your FAFSA via a direct data exchange with the IRS. This system replaces the IRS Data Retrieval Tool (DRT).
Your family may have experienced a loss of income or health issue that’s significantly impacted your finances. Getting divorced, becoming pregnant, or having a child can do the same. In these cases, you can appeal your financial package.
FAFSA corrections made online typically take three to five days to process. If you’ve made an admissions decision or are already in college, you can also contact your school’s financial aid office to make FAFSA corrections. Processing times may vary by school.
For the 2023-24 academic year, corrections and updates must be submitted before September 15, 2024. Visit StudentAid.gov for all federal, state, and college FAFSA deadlines.
FAFSA® is a registered trademark of the US Department of Education and is not affiliated with Discover® Student Loans.