College & Career Center » Financial Aid: FAFSA or TASFA?

Financial Aid: FAFSA or TASFA?

FAFSA or TASFA?

Depending on your situation you will apply for financial aid one of two ways:

 

  • If you have a Social Security Number, you will fill out the FAFSA
  • If you do not have a Social Security Number or have a Social Security Number through DACA, you will fill out the TASFA
 
**Both applications open October 1st**
 
 

Seniors, if you want help on FASFA or TASFA application,  go to the FASFA Worksheet for Help 2020-2021 Tab on Website: https://www.akinseagles.org/apps/pages/index.jsp?uREC_ID=296651&type=d&pREC_ID=1777288

 

Most senior students will apply for FASFA or TASFA as a dependent, meaning they will have to provide information about their parents. Wondering whether you're independent or dependent? Check out the link: https://studentaid.ed.gov/sa/fafsa/filling-out/dependency#dependency-questions

FAFSA (Free Application for Federal Student Aid)

What is the FAFSA?

  • The FAFSA is the free online application students can use to receive federal aid.

 

What kind of aid can I receive through the FAFSA?

  • You can receive grants, loans, and work study.

 

How to apply for FAFSA

  • Before beginning your FAFSA application, you and your parent must make an FSA ID. This is like a username and it makes it easier once you are ready to submit!
  • After you have made your FSA ID, you can begin your application.
  • There you will select "Start A New FAFSA) and enter your FSA ID

 

Documents you need:

  • Parent W-2 Forms and tax forms 1040 for the year prior-prior (2018).
TASFA (Texas Application for State Aid)

What is the TASFA?

  • The TASFA is the free application students can use receive state aid.

 

What kind of aid can I receive through the TASFA? 

  • You can receive grants and possible work study and possible loans.

 

How to apply for the TASFA

  • Click on this link: Link will become available on Oct 1st, 2019
  • Here you will find the .pdf application in English and in Spanish.
  • NOTE: You will have to submit a separate application for each college that you apply to.
  • Ms. Banegas manages all TASFA applications for Akins.  Visit her in the CCC for help!

 

Documents you need:

  • Parent tax return, tax transcript, and W-2’s for the year prior-prior (2018)
  • Student tax return, tax transcript, and W-2’s for the year prior-prior (2018)
  • Required documents vary school to school
 
BOTH the FAFSA and the TASFA allow you to access the 4 types of financial aid:
  1. Scholarships: Awards that students MUST APPLY FOR that are based on need, merit, or achievement that DO NOT HAVE TO BE REPAID.
  2. Grants: Awards that students QUALIFY for vs. applying for that are mostly awarded on the basis of need and DO NOT HAVE TO BE REPAID.
  3. Work Study: On and sometimes off-campus jobs for students who demonstrate financial need. Hours are limited. Students must apply for this aid through the FAFSA or the TASFA.
  4. Loans: Money that is BORROWED and MUST BE REPAID WITH INTEREST. There are different types of loans, and students should accept certain types of loans first before restoring to other.