Ask the Experts: What happens if I do some money?
This year did not work at all and you will not have any tax returns to file. So how do I apply for financial aid and how it may affect my aid? I have had the help of the last two years.
That’s a great question. This is a common situation for many college students, they simply do not have time to work a job, in addition to attending classes and completing homework.
The application process for financial aid will be the same that has continued in recent years. First, you must make sure to complete the Free Application for Federal Student Aid (FAFSA). In this form, you will find a question that asks if you have filed your tax return. There will be three choices – “yes”, “Not yet, but I have the intention” and “no” – and in this case, you simply choose the third.
Choose “no”, you are indicating that you have not made enough money to file taxes, but you still have to answer another question about exactly how much you have done for the year. If applicable, enter “0″ in this field. Then you’ll want to complete the rest of the FAFSA, as usual.
Or not his lack of presentation affects the support you receive depends on your school, but in most cases, that has zero income will not hurt you. In fact, often helps because it shows they have more need for someone who is making money. However, each school has its own set of criteria for the help, so it depends on how your school distributes its money.
For a better idea of how the school is likely to treat your situation, simply contact your financial aid office. They will be happy to walk you through the process and make sure you understand what to do to help.Good luck, and be sure to submit your FAFSA as soon as possible. In many cases, aid is distributed on a first-come, first serve, so it pays to be on the front line.