The tax year before you graduate high school is the basis of your FAFSA. Parents should plan accordingly and let the financial aid office know if there are going to be any out of the ordinary income that occurs. Things such rollovers and onetime income should be reported to the Financial Aid Office.
January 1 - First day that FAFSA is available online. Students can estimate the family income information to complete the FAFSA sooner than the tax filing deadlines.
March 2 - California High School seniors or California students taking the GED should be mindful of the CalGrant March 2nd deadline. Be aware that students need to turn in their GPA verification form (from the high school) and the FAFSA form (online) before this March 2nd deadline. There is typically no exception to this deadline. Students should examine the Cal Grant income and asset chart to ensure that they qualify.
March (End) - Otis starts awarding Financial Aid for the next academic year
August 25 - Students borrowing using federal loans should: