IMPORTANT FINANCIAL AID INFORMATION

The IRS Data Retrieval Tool (DRT) on the Free Application for Federal Student Aid (FAFSA) is currently unavailable. The DRT, which is used to retrieve student (and parent or spouse) tax data and auto fill the financial section of the FAFSA, is expected to be unavailable for several weeks.

While this may be an inconvenience, the outage does not prevent students (and parents) from completing the FAFSA. They can still complete the FAFSA using their 2015 tax information (for both the 2016-17 and 2017-18 financial aid years), which will need to be entered manually in those fields on the FAFSA.

For more information, see this article or view this video.

If you have any questions, please contact the Office of Financial Aid at 214-333-5363 or finaid@dbu.edu.

Early FAFSA and Prior-Prior Year (PPY)

"How will they affect me as a student?"

 

On September 14, 2015, the US Department of Education announced changes to the way students and families will apply for federal financial aid using the Free Application for Federal Student Aid (FAFSA). These changes affect when a student applies for aid, and which tax-year information is used. The changes are collectively referred to as "Early FAFSA" and "Prior-Prior Year."

 

Please watch this short video to learn more about how these changes will benefit you and your family.

 

 

Also watch the videos below for more information on Early FAFSA and Prior-Prior Year

 

 

If you are a FIRST-TIME FAFSA FILER and would like more information about how to file the FAFSA, click here.

 

If you are a CONTINUING STUDENT or have filed a FAFSA in the past, click here.

 

In Summary, here are the three main points to remember about Early FAFSA and Prior-Prior Year:

 

1. Early FAFSA - file the FAFSA earlier. Beginning October 1, 2016, the FAFSA will be available for students to complete in preparation for the 2017-18 Academic Year. This will allow students to apply for financial aid earlier, more in line with the college admissions process.

 

2. Prior-Prior Year - use your 2015 tax information to complete the FAFSA. Students and families should use prior-prior year tax information to complete the FAFSA. Since that tax information is already available, students will not need to estimate their financial information on the FAFSA, or have to wait until their taxes are complete to file the FAFSA.

 

3. Use the IRS Data Retrieval Tool. Using the IRS Data Retrieval Tool (DRT) within the FAFSA, which auto populates student and parent tax information, decreases the need for additional documentation, and speeds up the awarding process.

 

Since almost all families will have completed their 2015 taxes by October 2016, they will not have to wait to complete the FAFSA, and they won't have to use estimated tax information. That means that students and families will receive their financial aid award earlier, so they'll be able to better plan their finances for the upcoming school year.

 

For more information about Early FAFSA and Prior-Prior Year, please contact the Office of Financial Aid, (214) 333-5363, or finaid@dbu.edu.

 

GO PATRIOTS!

 

 

Financial Aid Forms Questions about Fees & Payments Contact Financial Aid

                                               

Again this year, the Federal government is offering a number of tax incentives

(some of which were set to go away)

that could help lower the cost of higher education for some families.

Follow the link below to learn about some of these incentives that may be available to you as you prepare your 2016 axes.

 

Tax Incentives for the 2016 Tax Year

 

Financial Aid Questions? Get Video Answers Ready to Apply? Thinking About DBU? Grants Scholarships Loans Tuition & Housing Costs

Information regarding specific yearly amounts for each Federal Aid program is available in the FINANCIAL AID STUDENT GUIDE, published annually by the US Department of Education.

Click HERE to view that publication online.