FAFSA Facts for VA Beneficiaries
FAFSA FACTS FOR VA BENEFICIARIES
Q. What documents do I need to complete the FAFSA?
You will need the following documents:
- Driver’s license number
- W-2 and other records of money earned
- Your (and your spouse’s, if you are married) Federal Income Tax Return
- Your parents’ Federal Income Tax return (if you are a dependent student)
- Documents showing veterans benefits, child support or worker’s compensation
- Current bank statements
- Current business and investment mortgage information, business and farm records, stock, bond and other investment records.
Q. Am I considered independent?
You are independent if you answer yes to one of the following questions:
- Are you 24?
- As of today, are you married?
- Are you working on a master’s or doctorate program?
- Are you currently serving active duty in the U.S. Armed Forces for purposes other than training?
- Answer yes, if you are currently serving in the US Armed Forces or a National Guard or Reserves enlistee who is on active duty for other than state or training purposes.
- Answer no, if you are a National Guard or Reserves enlistee who is on active duty for state or training purposes.
- Are you a veteran of the US Armed Forces?
- Answer yes, if you have 1)engaged in active duty in the US Armed Forces or are a National Guard or Reserves enlistee who was called to active duty for other than state or training purposes, or were a cadet or midshipman at one of the service academies and 2) were released under a condition other than dishonorable.
- Answer no, 1) if you have never engaged in active duty in the US Armed Forces, 2) are currently a ROTC student or cadet or midshipman at a service academy, or 3) are a National Guard or Reserve enlistee activated only for state or training purposes, or 4) were engaged in active duty in the US Armed Forces but released under dishonorable conditions.
- See FAFSA for additional dependency questions.
Q. I am no longer active duty. Do I still need to list my pay on the FAFSA?
Yes, you will need to list accurate information from your documentation. If your income has changed drastically, you can submit a Special Consideration Form to the Financial Aid Office. We may adjust your income to reflect what you are expecting to receive for the year that you are a student.
Q. Do I need to report combat pay on the FAFSA?
You would only list combat pay that was taxable and included in your adjusted gross income. You will exclude anything listed on your W-2 (Box 12, Code Q).
Q. Does my VA Disability pay get added to my wages?
You will list the amount of your VA Disability under untaxed income.
Q. Do I need to list my GI bill benefit under untaxed income?
No, you only list non-educational VA benefits.
Q. Where do I list the amount of the GI bill that I will receive?
You will list the amount of the benefit in question #44- untaxed income.