If your family needs help paying for the next academic year, complete the 2018–19 Free Application for Federal Student Aid (FAFSA). FAFSA applications began being accepted on October 1, 2017. The FAFSA should be completed as soon as possible so you do not miss out on any federal/state financial aid opportunities. Below is some important information to keep in mind:

• • Report your family’s 2016 income information. Since 2016 tax data has already been submitted you’ll be able to import the tax information into the FAFSA form right away using the IRS Data Retrieval Tool (DRT). (No more logging back in to update after filing taxes).
  • Not everyone is eligible to use the IRS DRT and the IRS DRT does not input all the financial information required on the FAFSA form. Therefore, have your family’s 2016 tax return, 2016 IRS W-2s and 2016 1099s available for reference.

The IRS DRT will return with the 2018–19 FAFSA form on October 1, 2017. The IRS DRT remains the fastest, most accurate way to input your tax return information into the FAFSA form. To address security and privacy concerns related to the IRS DRT, the tax return information you transfer from the IRS will no longer be displayed on fafsa.gov or the IRS DRT web page. Instead, you’ll see “Transferred from the IRS” in the appropriate fields on fafsa.gov.

To learn more about completing the 2018–19 FAFSA click here.

If you have additional questions, the Financial Aid staff is happy to help. Contact them at finaid@iit.edu or 312.567.7219.