WINOOSKI - Vermont Student Assistance Corp., the state’s nonprofit corporate agency committed to the mission that all Vermonters can pursue education after high school, is advising Vermont students who filed FAFSAs to double-check their application.
Updates by the federal government in this year’s online FAFSA, or Free Application for Federal Student Aid, allowed some filers to inaccurately report their income or assets. The errors result when dollars and cents are entered into the income and asset fields rather than whole dollar figures.
For example, an income entered of $27,667.12 is converted to $2,766,712 because the online application drops the decimal point. If the error isn’t caught and corrected, students could lose out on Pell grants and other need-based student aid.
VSAC suggests that FAFSA filers review their Student Aid Report to verify their information is accurate. Here is what you need to do:
1. Go to www.fafsa.gov.
2. Log in as a returning user and provide your student information.
3. You will need your PIN to view or print your Student Aid Report (SAR) to verify the reported income and/or asset figures are correct. If you don’t know your PIN, you can click on "request a duplicate PIN" and it can be displayed on screen or sent to the email on file.
4. Make sure to select the 2014-2015 academic year.
If you need to correct your SAR, do the following while still logged in as a returning user:
1. Click on the "Making corrections to a processed FAFSA" link.
2. Enter your PIN and create a password.
3. Correct any fields that are inaccurate.
4. Click "save" and then click "submit."
5. Finally, be sure you contact your school’s financial aid office to alert them that you had to correct your FAFSA because of this issue.
If you have applied for a Vermont grant, VSAC will receive notification of your amended FAFSA. VSAC will review your account, make updates if necessary and notify you if your grant award changes.
If you haven’t yet applied for a Vermont grant, you may want to visit www.vsac.org and learn more about financing your education with grants, scholarships or the Vermont Advantage education loan.
If you have any questions, email firstname.lastname@example.org or call 1-800-882-4166.
VSAC is a public, nonprofit corporation created by the Vermont Legislature in 1965 to help Vermonters plan and pay for education or training beyond high school. VSAC administers Vermont’s 529 college savings plan; outreach services to encourage low-income students to aspire to and complete college; college and career planning services for all Vermonters; need-based state grants for full-time, part-time and non-degree study; public and private scholarship programs; and education loans. Find us at www.vsac.org or on Facebook at https://www.facebook.com/VermontStudentAssistanceCorporation.