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Financial Aid Changes for Award Year 2012-2013

Beginning for the 2012-13 award year, the Free Application for Federal Student Aid (FAFSA) will be available to students to complete for 2012/13 student aid consideration. FAFSA's can be completed for both the 2011-12 and the 2012-13 aid year at www.fafsa.gov (CLC's 2012/13 Academic Year begins August 2012 and runs through July 2013).

Students are strongly encouraged to apply as early as possible and avoid missing important deadlines. Each year hundreds of Illinois students miss state deadlines making them ineligible for state grants. Even if you have not filed your 2011 federal income tax returns you can start the application process using estimated 2011 income.

Please be aware of some changes to the verification process for the upcoming award year.* If your FAFSA is selected for the process of Verification, you will be required to have your 2011 tax information verified. If you used the IRS Data Retrieval Tool** you will not be required to submit a tax transcript. This tool will allow you to electronically pull your tax information from the IRS website onto your FAFSA application. This will help insure accurate information on the application as well as reducing the processing time that it takes to review documents for verification. For more information visit our Tax Transcripts page.

If the retrieval tool cannot be used, e.g. 2011 taxes are not filed, students can go back to use the tool, at a later date, after taxes are filed.** If however, you do not use the tool, and were required to file taxes for 2011, you will be required to submit a copy of your 2011 Tax transcript, along with parent's Transcripts for dependent student. Students will be required to provide a copy of their 2011 Tax Transcript to complete the verification process.

* Please note: this will only apply to classes starting in Fall 2012. Classes that start in Spring or Summer of 2012 will still be using the 2011-2012 FAFSA.

** How to use the IRS Data Retrieval Tool through the FAFSA application webpage (www.fafsa.gov). If you complete your FAFSA online, you have the option of automatically retrieving your income and tax data from the Internal Revenue Service and having it automatically transferred into your FAFSA. The online application will walk you through the process, which requires that you provide your PIN and confirm that you want to retrieve your IRS data.