The FAFSA is used by U.S. citizens and permanent residents to apply for need-based aid (grants, loans, work-study). It will determine if you qualify for College, state and federal government funds.
Fall 2020 Process
The 2020-2021 FAFSA is available!
- Be sure to review the “Helpful Tools” section in the right column to the right.
- Go to www.fafsa.gov and log in.
- Student and parent each need to apply for an FSA (federal student aid) ID. See the “how to” video clip. One of the most common problems is not remembering your username and/or password. Each person should keep this in a place you can easily find it while at home or at school/work. Make it easy for you to remember!
- Choose 2020-2021 to receive funds from August 2020 to July ’21
- Do not leave any question blank unless instructed to do so. If you have nothing to report for a financial question, enter $0.
- Questions with “you” or “your” always refer to the student applying for financial aid.
- Review other common mistakes
- Step 5 – Financial Information: this step tends to have more questions and/or errors, so we encourage you to watch this video clip (7+ minutes) or view this .pdf to help insure proper completion.
- NOTE: The 2020-2021 FAFSA asks for 2018 income values!
If your 2018 tax return has not been completed, make your best estimate of all figures, and correct the FAFSA with actual values once your tax return is done.
- Sign the FAFSA with the FSA ID (student / parent each needs one).
- You must click “Submit My FAFSA Now.” Print the confirmation page. If you don’t see a confirmation page, your FAFSA has not been submitted.
Fall 2020 Priority Deadlines
The 2020-2021 FAFSA is now available!
Complete the 2020-2021 FAFSA by …
- Illinois Residents: January 15, 2020 - highly recommended
- All other states: February 1, 2019
** About the FAFSA IRS Data Retrieval Tool (DRT) **
General Notes about the FAFSA:
- The web address is www.fafsa.gov.
- Our Federal School Code is 001706.
- The FAFSA is not required if you are applying only for scholarships.
Applications received late will be accepted, but available funding may be less.
Late applications are always accepted.
What Happens Next
- The federal student aid processing center will send an email confirming that your FAFSA was received, and then, a few days later, an email will tell you that your FAFSA has been processed. The second email will provide a link to a Student Aid Report or “SAR” which summarizes your application. Review this for accuracy and make any necessary corrections.
- Did you (or your parent) not sign the FAFSA? Click here
- Create a file folder to keep all financial aid documents (ID #s, FSA IDs, confirmation pages, SAR, etc.).
- Our office will receive your FAFSA results within seven days of being processed.
- If the initial FAFSA you submitted included estimated values, correct those values after your / your parents’ tax return is completed (see “Data Retrieval Tool” under Helpful Tools in the right column).
- If you have been admitted to the College, we will prepare an Award Letter showing all financial aid you qualify to receive. This is sent by email to you and your parent, and -at a later time- by regular mail. Be sure to review important details on the page “How to Read Your Award Letter.“
- Provide any documentation we require, listed in Part 4 (pg 2) of the award letter. Many are found here. Most can be scanned/emailed, faxed or mailed. See “Contact” in the column on the right.
- Watch a video summary of “what happens next.”
We recommend you complete the FAFSA...
- if cost will be factor in your enrollment
- even if you do not think you will qualify
- even if you have not yet applied or been admitted to a College
- even if you have not completed your 2018 tax return
Need Help With Your FAFSA?
- Use the Helpful Tools section, in the right margin of this page
- Use the online help available from each page of the FAFSA site
- Federal Student Aid Info Center 800-433-3243 / 319-337-5665
- Call the Office of Financial Aid at 847-735-5010 -5103
- First-Year Students
- Transfer to Lake Forest
- International Students
- Admitted Students
- Meet Your Counselor
- Visit Campus
- Financial Aid
- High School Counselors
- Community College Counselors
- Illinois Residents: 2020-21 FAFSA Completion Workshops, offered throughout the State.
- Great “how to video” will go step-by-step through the entire 2019-2020 FAFSA. Note: the 2020-2021 FAFSA is very similar.
- Data Retrieval Tool (DRT) step-by-step help video or pdf
- DRT cannot be used if…
- Can’t use DRT? Provide us a signed copy of your tax return transcript (TRT) for the applicable year
- Order a Tax Return Transcript (TRT) from the IRS. “Get Transcript Online” is the best option, have it sent by mail, or call the IRS 1-800-829-1040 (in their automated system, press “2”, then 1, then 2, enter your SSN, and follow the prompts.
- Checklists ’19-’20 ’20-’21
The items and information you will need to
- Filling out the FAFSA (U.S. Dept of Education)
- Common FAFSA mistakes #1
(Nat’l Association of Student Financial Aid Administrators)
- Common FAFSA mistakes #2
(U.S. Dept of Education)
- FAFSA not signed?
- View a .pdf of the FAFSA
- Worksheets: see questions that take time to research
- Video: go through the FAFSA, step-by step (2019-20 shown)