Subject: Important - Updates Needed for Your Student's FAFSA
From: Federal Student Aid <[email-masked]>
To: [email-masked]
Date: Tue, 13 Mar 2012 21:19:22 -0500

Dear Parent of MARISA,

Recently your information was provided in the parental section of your student's 2012-2013 Free Application for Federal Student Aid (FAFSA).  The information you provided indicated that you were going to file your taxes and were providing estimated 2011 tax information.  Now that the federal tax filing deadline has passed and you have probably filed your 2011 tax returns, it is time for you to update your student's FAFSA.

Updated information can be provided once your student accesses their FAFSA at www.fafsa.gov.  You should change your answer on the FAFSA (question 79) to reflect that you have "already completed" your tax return.  Once you've made this change, you will need to update the information you initially reported on the FAFSA to reflect the actual information from the 2011 tax return you filed.  If you filed a federal tax return with the IRS, when you update the information online, you may be eligible to use the IRS Data Retrieval Tool, which is the best and easiest way to provide accurate tax information.  With just a few simple steps, you can view information from your IRS tax return and transfer that information directly into your student's FAFSA.

If you are unable to use the IRS Data Retrieval Tool, you are still required to update the income information so that it reflects the information on the 2011 tax return you filed.  The tax-related questions you should review on your student's FAFSA include adjusted gross income, income tax paid, number of exemptions, and income earned from work.  You should also ensure that your FAFSA correctly identifies the type of tax return that was filed (IRS 1040, 1040A, 1040EZ, foreign tax return, etc.) and that you have entered the correct amounts for Additional Financial Information (questions 91a-f) and Other Untaxed Income (questions 92a-i).

It is important that you make the necessary changes to the tax information so that your student's FAFSA includes the same information that was included on your tax return.  However, when making corrections based on your completed federal tax returns, do not update other information that was correct at the time you filed your FAFSA.  For example, do not change your answer for household size (question 72) or for number in college (question 73); unless your answer was incorrect as of the date you originally signed the FAFSA.

Keep in mind that if the FAFSA also contains estimated tax information for your student, that information should also be updated to reflect the actual information from the 2011 tax return your student filed.  If your student filed a federal tax return with the IRS, they may also be eligible to use the IRS Data Retrieval Tool when they access the FAFSA online.  If you or your student has not completed the 2011 federal tax returns at this time, you must be sure to update your FAFSA information once the returns have been completed.  Your student's ability to receive federal student aid can be impacted if you do not make the necessary updates or corrections.

Thank you for your attention to this important matter.  If you have additional questions regarding the IRS Data Retrieval Tool, online help is available.  Visit www.fafsa.gov and click the "Browse Help" feature on the FAFSA home page for information on the tool and the FAFSA process.

U.S. Department of Education
Federal Student Aid