Why is my FAFSA under review?

When you complete your FAFSA, you may receive a message that says: “Your FAFSA has been selected for a review process called verification.” All this means is that you may have to take a few extra steps to confirm the information you reported on your FAFSA before you can receive financial aid funds.

What does it mean when FAFSA is under review?

Your FAFSA will appear as “In review” (meaning it has not been processed) in your studentaid.gov account and no corrections can be made until it is processed.

How long will my FAFSA application be in review?

If you submitted your 2023–24 FAFSA form online, we'll process your form within three to five days. If you submitted a paper FAFSA form, your form will be processed within 7 to 10 days.

Why does FAFSA still say in review?

The “In Review” status indicates that the FAFSA will be processed later in January. The U.S. Department of Education has said submitted FAFSAs won't be processed immediately.

Why would my FAFSA get flagged?

There are a variety of reasons students have their FAFSA flagged for verification, including random selection, applying to a college that verifies all students, to protect against identity theft, or most commonly, there was a mistake on your FAFSA that needs clarification.

Why Is My Fafsa Still In Review

How many warnings does FAFSA give you?

You can only be granted a 'warning' status for one semester. You are not allowed to receive consecutive “warning” semesters of financial aid.

How will I know if my FAFSA is denied?

Note: If you submitted a paper FAFSA form, you can check the status of your application online once it has been processed (roughly 7 to 10 days from the date mailed). You can also check the status of your FAFSA form by contacting the Federal Student Aid Information Center at 1-800-433-3243.

How will I know if my FAFSA was approved?

At any time, students can check the status of their 2024–25 FAFSA form from the “My Activity” page after logging in to StudentAid.gov.

What are the top three FAFSA errors?

What is the most common mistake made on the FAFSA?

Why is it taking so long for my FAFSA to process?

The delays are a result of overhauls made to the aid application system that were mandated by laws passed by Congress in 2019 and 2020.

Why is FAFSA taking so long to process 2024?

Originally estimated to arrive by late January, this delay may have been caused by a recent update to the new financial aid formula. The update is slated to bring in an additional $1.8 billion in need-based student aid, but the timing may impact the federal financial aid timeline.

Why hasn't my FAFSA come in yet?

If you did not complete the FAFSA for the academic year when you are seeking aid, you won't receive any. If you did complete the FAFSA, but didn't receive financial aid, confirm that you completed the form for the correct year. Contact your school's financial aid office if the wrong form was completed.

Does FAFSA verify income?

During verification, the college financial aid administrator will ask the applicant to supply copies of documentation, such as income tax returns, W-2 statements and 1099 forms, to verify the data that was submitted on the Free Application for Federal Student Aid (FAFSA).

Does the FAFSA check your bank accounts?

Students selected for verification of their FAFSA form may wonder, “Does FAFSA check your bank accounts?” FAFSA does not directly view the student's or parent's bank accounts.

How long does it take FAFSA to process?

It typically takes three to five days for the FAFSA to be processed if you submitted your form online.

Is FAFSA first come first serve?

Each October, the FAFSA is available for the next school year. It is best to fill it out as early as you can because some aid is first come, first served. When you complete the FAFSA, you'll need to provide personal and tax information.

How do I know if my Pell Grant was approved?

Federal Pell Grants typically are awarded to undergraduate students with low or moderate income. You can log in to StudentAid.gov to see if you received a Pell Grant. We display information about the aid you received, including Pell Grants, on your account Dashboard and My Aid page.

Is lying on FAFSA a felony?

Lying on your FAFSA^® is considered fraud and it is deemed a felony and could result in up to 5 years in prison and/or a $20,000 fine.

How much do you have to make to be denied FAFSA?

There are no income limits on the FAFSA. Instead, your eligibility for federal student aid depends on how much your college costs and what your family should contribute. Learn how your FAFSA eligibility is calculated and other ways to pay for college if you don't qualify for federal student aid.

Can submitting FAFSA hurt your chances?

It is usually only borderline students for whom the need for financial aid may negatively affect the chance of admission. Finally, simply applying for financial aid is often not enough to hurt admissions chances.

How do I know if my financial aid is suspended?

After your application is reviewed, you will generally receive information on what aid you are eligible for, if any. When financial aid is being suspended, you will be notified as well, generally by the financial aid office at the school where you are enrolled.

What GPA do you lose financial aid?

The Satisfactory Academic Progress regulations require that you maintain a minimum cumulative grade point average (GPA) in order to remain eligible for financial aid. This cumulative grade point average is 2.0 on a 4.0 scale.

Who doesn't qualify for FAFSA?

Basic FAFSA eligibility requirements

Have a high school diploma or a GED certificate. Be enrolled or accepted for enrollment in a qualifying degree or certificate program. Maintain satisfactory academic progress while in school. Not be in default on federal student loans or owe money on a federal grant.

Why didn t FAFSA give me a Pell Grant?

In many cases, if you have a bachelor's degree, you're ineligible for Pell Grant money. There are some exceptions, such as working on a postbaccalaureate teacher certification program. However, for the most part, you don't qualify for the federal Pell Grant if you already have a bachelor's degree.