It is a federal document, and it is submitted to a federal processor when it is completed. Most folks will not receive their W-2 forms that are needed to file the federal tax form until the end of January. There should be sufficient time, however, to complete everything during that six to eight week period. In addition, many people worry about having to mail their tax forms early, but that s not the case. Students cannot actually fill out the form until January 2001 if they plan to enroll for the 2001-02 school year.
Most colleges have priority dates for submitting the form.
Although some financial aid programs have limited funds and these may have been committed, students should definitely still apply for financial aid. At that point, if a student has been admitted to the university, and if no additional information is required, it should take approximately two-three weeks for our office to send an award letter to the student. We will send information explaining the award along with the award letter. This finalizes the award for that year. Yes, a student must submit an application for each academic year.