What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) is used to apply for federal and state student financial aid, including grants, work-study (employment) and loans. The application is free; copies are available from any college. You can also apply (or renew) on the Web at www.fafsa.ed.gov.
When to Apply?
Apply as soon as possible after January 1 for the academic year that starts on or after July 1. You must reapply yearly. If you submit your FAFSA by March 1, any aid programs for which you qualify should be awarded prior to your registration for the fall semester. Submitting the FAFSA by March 1 will give you the best opportunity to be awarded the State of Illinois MAP grant. Completing the FAFSA begins the financial aid application process. Refer to Financial Aid for other important dates to remember.
What Information is Reported?
The FAFSA is comprised of steps that the student and/or parent completes, including:
Step 1. Demographic Information
Step 2. Student Income Information
Step 3. Student Status-Dependent/Independent
Step 4. Parent Income Information, Household Size
Step 5. Student Household Size
Step 6. Schools to Receive Information
Step 7. Signature and Release
How is State Information Handled?
State information is integrated throughout the FAFSA. Students wanting to apply for Illinois Monetary Awards (MAP) should take special note of the following questions:
- #18 Student's state of residence
- #69 Parent's state of residence
- #101 School name (list an Illinois school first and list complete school name)
Things to Remember When Completing the FAFSA
- Round off figures to the nearest dollar
- Write dates as mm-dd-yy; e.g., 11-07-73
- Review the completed form and make a copy of it before mailing
- Use the IRS Data Retrieval Tool to electronically transfer your tax and income information to your FAFSA
For students applying to Waubonsee, information you need for Step Six of the FAFSA includes the Title IV six-digit code: 006931 and the full name Waubonsee Community College.
Student Aid Report (SAR)
If you file online and provide an e-mail address, you will receive a SAR by e-mail in 3-5 days. If you do not provide an e-mail address, your SAR will be mailed to you within three weeks.