FAFSA Tips

Important Information Regarding FAFSA Filing:

  • Beginning on October 1, students and parents who have filed their 2018 IRS tax return and meet certain other criteria will be offered the option of transferring tax information directly from the IRS to the FAFSA using the IRS Data Retrieval (DRT) tool. We strongly encourage you to use this option if it is offered. This option will streamline and expedite the processing of your financial aid application.

  • To successfully use this option you must:

    • Have a federal tax return filed with the IRS.

    • Have a valid social security number.

    • Have a Federal Aid Personal Identification Number (PIN).

  • You will be unable to use this option if:

    • Your marital status changed after December 31, 2018.

    • You filed married filing separately.

    • You filed an amended tax return.

    • You filed a tax return using a Tax ID Number (TIN).

    • The home address on the FAFSA does not match the address on the tax return.

  • As of October 1, in order to better protect applicants’ information, the DRT will limit the information that displays to the applicant. Sensitive data, such as adjusted gross income will no longer be displayed.

  • 2018 Federal Income Tax data will be used to complete the 2020-2021 FAFSA.   

  • You must use current asset information to complete all asset questions (cash, savings, checking, net worth of investments and business). You may exclude any 2019-20 financial aid disbursements currently in your accounts. 

  • For the number of people in your family and the number of those in college, use the number expected for July 1, 2020 – June 30, 2021.

  • If your file is chosen for verification and you did not use the IRS Data Retrieval Tool to populate the FAFSA, an official IRS Tax transcript or signed copy of the 2018 tax form will be required to complete the verification process. Tax transcripts must be requested directly from the IRS. 

If you have any questions call us at 734-763-4147 or email us at medfinaid@umich.edu.