FAFSA FAFSA 3

Question 1

Which credential is now required to log in and sign the FAFSA online?

Accepted Answer

FSA ID (StudentAid.gov account)

Answer

Social Security card number only

Answer

A school-issued PIN

Answer

A driver's license number

Question 2

On the FAFSA, who is considered a 'contributor'?

Accepted Answer

Anyone asked to provide information on the form

Answer

Anyone who donates to the student

Answer

Only the student's employer

Answer

Only the college financial aid office

Question 3

What tool transfers tax information directly from the IRS into the FAFSA?

Accepted Answer

Direct Data Exchange (DDX)

Answer

IRS Quick File

Answer

Tax Auto-Sync

Answer

FAFSA Tax Importer

Question 4

A dependent student whose parents are divorced and not remarried should report which parent's information?

Accepted Answer

The parent who provided the most financial support

Answer

Both parents always

Answer

The parent with the higher income

Answer

Either parent, randomly chosen

Question 5

Which document is most useful when completing the financial section of the FAFSA?

Accepted Answer

Federal income tax returns

Answer

A passport

Answer

A high school diploma

Answer

A library card

Question 6

The FAFSA uses income from which tax year, known as the 'prior-prior year'?

Accepted Answer

Two years before the award year

Answer

The current year

Answer

Five years before

Answer

The year of graduation

Question 7

What must a contributor provide consent for on the FAFSA?

Accepted Answer

Disclosure of federal tax information

Answer

A credit check

Answer

A medical exam

Answer

A background check