All students must complete the Free Application for Federal Student Aid (FAFSA) after January 1st of each year in order for consideration of eligibility for any type of federal student aid for the upcoming award year. The student's eligibility for federal student aid is based on the information submitted on the FAFSA 1) by an Independent student: the student only (unmarried) or student and spouse (married) or 2) by a dependent student: the student and parent.
Before completing the FAFSA, the student (and parent, if applicable) need to create a FSA ID in order to electronically sign the FAFSA to ensure prompt processing of the application.
Complete the FAFSA to apply for all possible aid. The FAFSA is year specific; make sure you are entering the correct information for the appropriate year.
2016-2017 FAFSA - If you are a current/returning student or a new student and will be attending CGTC Fall Semester 2016, you will need to complete the 2016-2017 FAFSA using your 2015 income. This FAFSA covers Fall 2016, Spring 2017 and Summer 2017.
When completing the FAFSA, the student will need to include the school code of the institution of which they plan to attend.
Here is what you’ll need to complete the FAFSA:
- Social Security Number(s)
- Driver’s license
- Records of income earned in 2016.
- 2015 W-2 Forms and other records of money earned
- 2015 Federal Income Tax Transcript
- Spouse’s income information is needed if you are married; parents’ income information is needed if you are a dependent student.
- 2015 untaxed income
- Current business/interest/investment /farm/bond/mortgage information
To simplify the FAFSA process, you may want to select yes when asked if you want to download your tax information directly from the tax return submitted to the IRS. Spouse or parents can do the same. Use your FSA ID for this process.
Once the FAFSA has been submitted, the student will receive a Student Aid Report (SAR) that provides the information that was submitted on the FAFSA. The student needs to review the SAR for accuracy and make any corrections if necessary.
Aid will not be awarded to students unless a valid financial aid application is received. Students will be notified by postal mail or email in the event that the application is incomplete or other documents are required to process aid. Students can also check their BANNER Web account for this information. Aid will not be disbursed to students unless all required documents are received and financial aid processes are complete. Students may need to submit documentation for a process called verification. For more information on this process, see the Things That May Affect Your Aid section listed in the menu selections on the right hand side of the page.
What’s changing for 2017–18?
Starting with the 2017–18 Free Application for Federal Student Aid (FAFSA®), these changes will be in effect:
- You’ll be able to submit your FAFSA® earlier. You can file your 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling you to complete and submit a FAFSA as early as October 1 every year.
- You’ll use earlier income and tax information. Beginning with the 2017–18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017–18 FAFSA, you—and your parent(s), as appropriate - will report your 2015 income and tax information, rather than your 2016 income and tax information.