Change is coming – and this change can make the financial aid process a lot more simple! On October 1st, you can submit your FAFSA for the 2017-18 school year using your 2015 tax information. Does this update sound familiar? You may have heard of this referred to as PPY (Prior-Prior Year). Simply put, PPY means you’re using tax information from two years prior to the school year for which you’re submitting a FAFSA. Make sense? If you’re not quite following, this infographic from the U.S. Department of Education/s Federal Student Aid Office makes it VERY easy to see which tax year matches up with a corresponding FAFSA year. The bottom line: PPY means no more having to scramble to complete your taxes so you can complete your FAFSA – your taxes will have already been completed well in advance!
For more information on changes to the 2017-18 FAFSA process, be sure to check our previous post.