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FAFSA Information

What You Need to Know About the 2019–20 FAFSA

Welcome to Moravian College’s FAFSA page!  Our aim is to help clarify the recently-announced changes to the FAFSA—Free Application for Federal Student Aid. But don’t worry, these changes were put in place to make the financial aid application process easier for students and their parents. And that’s precisely what they do.

Our awesome financial aid services team here at Moravian College stands ready to guide you every step of the way. It's kind of like having your own concierge for all things educational financing, so lean on us! Together, let’s take the FEAR out of FAFSA!

What’s changing for 2019-20?

Starting with the 2019-20 Free Application for Federal Student Aid (FAFSA), these changes will be in effect:

  • FAFSA is going mobile! You may now file your FAFSA via the myStudentAid App, available to download from the Google Play App Store and Apple iTunes App Store. Both students and parents can sign electronically on their mobile devices using their individual FSA IDs.
  • FAFSA on the Web now offers two separate log-in options. FAFSA will now prompt you to log in as the student or as the parent; which allows each of you the opportunity to complete your portions of the application together or independently during separate sessions. As in previous years, both student and parents are still required to sign the FAFSA if the student is considered dependent.

File beginning October 1, 2018

Submit your FAFSA early! You can file your FAFSA in advance for the upcoming academic year as early as October 1. Although filing FAFSA early won't necessarily ensure that you receive financial aid offers immediately, you are putting yourself in a position to not only maximize your aid eligibility but also expedite your offer as soon as the school begins that year's awarding process. This will allow you to compare college offers most effectively and make an educated, well informed decision on which school is the best fit for you!

Use our convenient self-service calculator to estimate your financial aid and out-of-pocket cost.

The following table provides a summary of key dates as we transition to using the early FAFSA submission timeframe and earlier tax information.
 

When Student Is
Attending College (School Year)
FAFSA Start-Up Which Year’s Income and
Tax Information Is Required
2018-19 October 1, 2017 2016
2019-20 October 1, 2018 2017
2020-21 October 1, 2019 2018
2021-22 October 1, 2020 2019


How will the changes benefit me?


We expect that you’ll benefit in these ways:

  • Because the FAFSA will ask for older income and tax information, you will already have done your taxes by the time you fill out your FAFSA.  This means you won’t need to estimate your tax information and then go back into the FAFSA later to update it.
  • Because the FAFSA is available earlier, you may feel less pressure due to having more time to explore and understand your financial aid options before your school’s deposit and term billing deadlines.

Can I choose to report 2018 information if my family’s financial situation has changed since our 2017 taxes were filed?

You must report the information the FAFSA asks for. If your family’s income has changed substantially since the 2017 tax year, talk to the financial aid office at your school about your family’s situation.  Moravian College’s expert financial aid counselors will gladly offer productive suggestions to help you navigate the College’s responsive appeal process.

Note: The FAFSA asks for marital status as of the day you fill it out. So if you’re married now but weren’t in 2017 (and therefore didn’t file taxes as married), you’ll need to add your spouse’s income to your FAFSA. Similarly, if you filed your 2017 taxes as married but you’re no longer married when you fill out the FAFSA, you’ll need to subtract your spouse’s income.

How will I know what schools to list on the FAFSA if I haven’t decided which schools I’ll be applying to?

List any schools you’re considering, so that your FAFSA information is sent to them.  Later, if you decide to apply to additional schools that you didn’t list on the FAFSA, you can log back in at fafsa.gov and add those schools.

Can you tell me more about the IRS Data Retrieval Tool (IRS DRT)?

The IRS Data Retrieval Tool is designed to automatically import your IRS tax information into your FAFSA. Simply click "Link to IRS" from your FAFSA, verify your tax filing status and address as listed on your 2017 Tax Return, and then select "Transfer Now!" This will import your financial data from the IRS onto your FAFSA, making the application process faster and easier than ever before. Keep in mind, you may be unable to use the data retrieval tool if you or your parents have a different marital status than the 2017 tax year, use married filing separately tax status, or file a foreign return.

Where can I get more information about—and help with—the FAFSA?

  • Contact Moravian College's Office of Financial Aid Services, by email (finaid@moravian.edu), phone (610-861-1330), or just stop in. Let us know how we can help!
  • Plan to attend one of Moravian College's Open Houses and other Admission events. Our friendly financial aid counselors will be there, too!
  • Visit StudentAid.gov/fafsa; and remember, as you fill out your FAFSA at fafsa.gov, you can refer to help text for every question and (during certain times of day) chat online with a customer service representative.