EVERY STUDENT, EVERY YEAR
It is recommended that students complete the Free Application for Federal Student Aid (FAFSA), regardless of their family financial status.
Information submitted on the FAFSA determines the amount of financial aid each student is eligible to receive from grants, scholarships, work-study and loans. Even if FAFSA results do not demonstrate financial need, everybody qualifies for some sort of financial aid.
Because financial circumstances change, students should update and resubmit the FAFSA every year.
PRIORITY DEADLINE = February 1
Some financial aid awards are made on a first-come, first-serve basis. Although students can apply for financial aid throughout the year, funding for some programs is limited and may be depleted. To increase their chances of receiving grants and scholarships that do not have to be repaid, students should submit the FAFSA by the priority deadline of February 1.
To qualify for Missouri state financial awards, the FAFSA must be on file by February 1. The FAFSA also must be submitted by February 1 to qualify for UMKC awards such as the Advantage Grant (for Pell-eligible Missouri residents).
WHAT ABOUT PARENTS?
Dependent students must include their parents’ financial information when filling out the FAFSA. Most dependent students are unmarried undergraduates who are younger than 24. Learn more about the difference between dependent and independent students.
GET THE FACTS
If you have avoided filing the FAFSA because you think you won’t qualify for financial aid, think again. This video by the Department of Education addresses some of the common myths about eligibility and the FAFSA. You owe it to yourself to have all the facts. Don’t miss out on money!
Filling out the FAFSA application online is free and takes the average student less than 30 minutes. The form asks only the questions relevant to each applicant, and detailed instructions are included each step of the way.
Here’s what you need to get started:
- Social Security number
- Driver’s license number
- FSA ID, made up of a username and password, to access certain U.S. Department of Education websites.
- Financial records, such as bank statements and investment information
- Tax returns – When entering tax information into the FAFSA, consider using the IRS Data Retrieval tool. It’s fast, easy and accurate. Learn more here.
You may be asked at any time to submit documents or other information to be used in the review of your application. Please check your ‘To Do’ list in Pathway for any missing information and links to required documents. Be sure to respond to any request as soon as possible; review of your file may be delayed until all requested documents are submitted.
The majority of missing information is related to a process called Verification. The Verification process is used to verify information submitted on the FAFSA in order to ensure its accuracy. Any student who completes a FAFSA can be selected for Verification by the U.S. Department of Education or the UMKC Financial Aid and Scholarships Office.
The forms and documents required to complete verification vary from student to student. Follow the Verification Guide to determine what documents you need to submit as well as download any required forms.
Due to the volume of documents received, the process may take several weeks to complete. Incomplete documents or further clarification related to your file could also delay processing.
Verification must be completed before your financial aid funds can be disbursed to your UMKC cashier’s account.
Verification must be completed four weeks prior to the end of the semester to allow processing time for your financial aid.
If there are differences between your FAFSA and your financial documents, UMKC will correct any variances and resubmit your FAFSA and you will receive an updated Student Aid Report (SAR) from the Department of Education.
Providing Tax Information
If tax information is requested as a part of the Verification process, we highly recommend updating your FAFSA using the IRS Data Retrieval Tool (DRT). Follow these simple steps for an easy and accurate way to transfer your tax information.
If you are unable to utilize the IRS Data Retrieval Tool, you will need to request a tax return transcript. Use one of the methods below: