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Dice Financial Services Group

1716 N. Sanborn Blvd, PO Box 790

Mitchell, SD 57301

 

Phone:     605-996-7171

Toll Free: 800-658-3603

 

Website: www.dicefinancial.com

May/June 2023

FAFSA 101

If your child will start college in 2024, you’ll want to submit a FAFSA when the form becomes available on October 1, 2023.

FAFSA stands for Free Application for Federal Student Aid. It’s used to determine the amount of the loans, grants, and other federal financial aid a prospective student qualifies for. In addition, colleges use the FAFSA when deciding on a financial aid package to offer an applicant.


Create an Account
The first step in the process is for your child to set up an online account at FAFSA.gov. Both parents and students should create and retain a login and password to access the account.


Gather Required Documents and Information
You’ll need the student’s and parents’ Social Security numbers, alien registration number if not a U.S. citizen, parents’ federal tax return, any untaxed income such as child support, plus cash, checking/savings and investments balances and list of schools (up to 10) where information should be sent.


The Deadline
Students have until June 30, 2024 to apply for the 2023-2024 academic year; however, it’s wise to apply early before the bulk of the funds have been awarded.
More information is available at: https://studentaid.gov.


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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
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