A new FAFSA must be completed every academic year. The FAFSA opens on October 1st for the next academic year. For example, on October 1, 2021 the FAFSA for 2022-2023 will be available. The 2022-2023 FAFSA will provide financial aid for the fall of 2022, the spring of 2023 and the summer of 2023.
To complete the Free Application for Federal Student Aid (FAFSA®), you will need:
- Your Social Security Number
- Your Alien Registration Number (if you are not a U.S. citizen)
- Your federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
- An FSA ID to sign electronically.
If you are a dependent student, then you will also need most of the above information for your parent(s).
- The FSA ID allows students and parents to identify themselves electronically to access Federal Student Aid websites.
- The FSA ID allows students and parents to electronically sign the FAFSA
- An FSA ID is made up of a username and password and can be used to log into the online Free Application for Federal Student Aid (FAFSA®) form.
- While you aren’t required to have an FSA ID to complete and submit a FAFSA form, it’s the fastest way to sign your application and have it processed. It’s also the only way to access or correct your information online, or to prefill an online FAFSA form with information from your previous year’s FAFSA form.
- If you don’t already have an FSA ID, you can create one at create an FSA ID.
- If you have an FSA ID but don’t remember your username, select “Forgot Username.”
- If you have an FSA ID but don’t remember your password, select “Forgot Password.”
- Parents: If you previously created an FSA ID when you were a student, you don’t need to create another one. You can only have one FSA ID linked to your Social Security number.
You may be eligible to have your FAFSA form adjusted by financial aid staff. Financial aid offices can adjust your financial aid award to reflect you or your family’s current income.
Follow these steps:
- Complete the FAFSA questions as instructed using the required tax year (including using the IRS Data Retrieval Tool, if eligible).
- Submit your FAFSA form.
- Contact the financial aid office at the school you plan to attend to discuss how your financial situation has changed.
The free application for federal student aid (FAFSA) outlines what determines if a student is dependent or independent. A student is independent if they can answer yes to any questions numbered 45 through 57 on the FAFSA and can provide backup documentation. If all questions are answered no, then the student is dependent and FAFSA requires the student to use parental information. In certain cases, a dependency override is warranted. These cases usually include complete abandonment by parents or an abusive or dangerous family environment.
No. Only the parent with whom you resided the longest during the preceding 12 months should provide financial information. If you did not live with either parent or lived with both equally, then the parent who provided the most financial support should provide financial information on the FAFSA.
Yes. You will not be eligible for federal grants or federal student employment, but you may still be eligible for scholarships and institutional student employment. However, if your inability to obtain parental information is due to unusual circumstances (parental incarceration, abuse, abandonment, etc.), you should contact your college’s financial aid office to inquire about a dependency override, which will allow you to apply as an independent student.
Yes. It is extremely important that you notify the Financial Aid Office as soon as possible if you receive funding from any source other than our office. We must take into consideration all sources of assistance you receive. Examples include, but are not limited to: WIA (Workforce Investment Act), VA (Veterans benefits) tuition waivers, scholarships, AmeriCorps grants, etc. These types of assistance affect your eligibility for financial aid. Unreported aid could result in an over award, which you must repay.
NM Lottery Scholarship FAQs
To qualify for the NM Lottery Scholarship at SFCC, you must complete your qualifying semester of 12 credit hours or more (full-time at SFCC) with a 2.5 GPA. Students with a Disability Waiver must complete 6-12 credit hours with a 2.5 GPA. When you successfully complete the qualifying semester, you will be awarded the NM Lottery Scholarship the very next semester.
To establish eligibility for the NM Lottery scholarship at SFCC, a student must complete their qualifying semester within sixteen months of high school graduation or completion of a high school equivalency credential. The SFCC qualifying semester is triggered when a student enrolls in 12 or more credit hours during that 16-month period. For example, if you enroll in 6 credit hours in fall 2021 after graduation and 12 credit hours the following spring, spring 2022 will be your qualifying semester.
No. You can attend 6-11 credit hours as long as you visit with Accessibility Services to get a disability waiver. Starting with your qualifying semester, a disability waiver must be submitted to the Financial Aid Office before the end of the third week each semester.
You are eligible for the NM Lottery for three semesters at a 2-year college and an additional four semesters at a 4-year college. If you are working under a disability waiver, you have 14 consecutive semesters of part-time enrollment with no more than seven semesters at a 2-year college.