FAFSA FAFSA 3 — Questions and Answers
Question 1: Which credential is now required to log in and sign the FAFSA online?
- FSA ID (StudentAid.gov account) (Correct answer)
- Social Security card number only
- A school-issued PIN
- A driver's license number
Correct answer: FSA ID (StudentAid.gov account)
An FSA ID, the account username and password for StudentAid.gov, is required to access and sign the FAFSA.
Question 2: On the FAFSA, who is considered a 'contributor'?
- Anyone who donates to the student
- Anyone asked to provide information on the form (Correct answer)
- Only the student's employer
- Only the college financial aid office
Correct answer: Anyone asked to provide information on the form
A contributor is anyone (student, spouse, or parent) required to provide information on the FAFSA.
Question 3: What tool transfers tax information directly from the IRS into the FAFSA?
- Direct Data Exchange (DDX) (Correct answer)
- IRS Quick File
- Tax Auto-Sync
- FAFSA Tax Importer
Correct answer: Direct Data Exchange (DDX)
The IRS Direct Data Exchange (formerly the DRT) imports tax data directly into the FAFSA.
Question 4: A dependent student whose parents are divorced and not remarried should report which parent's information?
- The parent who provided the most financial support (Correct answer)
- Both parents always
- The parent with the higher income
- Either parent, randomly chosen
Correct answer: The parent who provided the most financial support
The parent who provided the most financial support over the past 12 months is the contributing parent.
Question 5: Which document is most useful when completing the financial section of the FAFSA?
- A passport
- Federal income tax returns (Correct answer)
- A high school diploma
- A library card
Correct answer: Federal income tax returns
Federal income tax returns provide the income data needed for the FAFSA.
Question 6: The FAFSA uses income from which tax year, known as the 'prior-prior year'?
- The current year
- Two years before the award year (Correct answer)
- Five years before
- The year of graduation
Correct answer: Two years before the award year
The FAFSA uses tax information from two years prior to the award year.
Question 7: What must a contributor provide consent for on the FAFSA?
- A credit check
- Disclosure of federal tax information (Correct answer)
- A medical exam
- A background check
Correct answer: Disclosure of federal tax information
Contributors must consent to having their federal tax information disclosed and used.
FAFSA FAFSA 3
Which credential is now required to log in and sign the FAFSA online?