2012-2013 FAFSA Renewal

Posted by on January 17, 2012

If you completed a FAFSA for the 2011-2012 school year, you will need to complete a new FAFSA for the 2012-2013 school year.  If you will be attending in Early Fall Quarter or later then you will need to complete the 2012-2013 FAFSA application.

What’s new on the 2012-2013 FAFSA?

IRS Data Retrieval Tool – You will want to select the IRS Data Retrieval Tool, as it will provide all tax return information necessary to complete your FAFSA.  This feature will be available early Feb. 2012 or two weeks after you submit your federal taxes electronically. The benefit is if your application is later selected for verification, you do not have to provide us with a signed tax return.  If you do NOT select this option, and your application is selected for verification, we will need a tax transcript from the IRS.  Your copy of a 1040 Tax Return is no longer acceptable documentation to verify the data on your FAFSA.

We encourage you to use the IRS Data Retrieval Tool to help cut down on the processing time.  We will be sharing additional information in the upcoming weeks.  Please contact your financial aid representative if you need further assistance or if you have additional questions.

Thank you for your Interest in Minnesota School of Business.