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Student Future Year Income Form - Financial Aid

Student Future Year Income Form - Financial Aid 2025

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The document is a financial aid form from the University of California, Santa Cruz (UCSC), intended for students to report their income estimates for the academic year 2013-2014. It provides instructions for students who anticipate a significant decrease in income and requires them to submit relevant tax documents. The form includes sections for reporting various types of income and benefits, as well as a certification statement that students must sign to confirm the accuracy of their information.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What income tax year do I use for FAFSA?

The 202526 Free Application for Federal Student Aid (FAFSA) form asks for your (the students) and your familys 2023 income and tax information. enables submitting a FAFSA form before attending school.

Why does FAFSA use income from 2 years ago?

The FAFSA requests family income information from two years prior. This allows the FAFSA to use the FUTURE Act Direct Data Exchange (FA-DDX), a resource that quickly pulls in tax information and makes completing the FAFSA much simpler.

What year of income does FAFSA look at?

Income is prior-prior year, which generally means the most recently filed tax return when you complete the FAFSA.

What is the base year income for FAFSA?

In order to approximate a familys income for the next academic year (which is unknown at the time of application), the FAFSA asks the family to report a prior years income: this is known as the base year income. It is the yearly income upon which the financial aid award is based.

Do parents who make $120000 still qualify for FAFSA?

There is no set income limit for eligibility to qualify for financial aid through. Youll need to fill out the FAFSA every year to see what you qualify for at your college. Its important to make sure you fill out the FAFSA as quickly as possible once it opens for the following school year.

Do I have to report student income on FAFSA?

Most students are not required to report student aid on their Free Application for Federal Student Aid (FAFSA) form because most scholarships and grants are not taxable, unless those award amounts exceed the total amount the student paid for tuition, fees, books, supplies, and required equipment.

What year income does FAFSA use?

Technically, no income is too high for the FAFSA. The U.S. Department of Education recommends filling out the FAFSA yearly, regardless of income. However because FAFSA is needs-based aid, those from lower-income families with a greater financial need get access to more financial aid.

Student Future Year Income Form - Financial Aid 2025

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