Start collecting that paperwork!!

Recalling that I have mentioned never to miss a financial aid application deadline, it is important to begin gathering the information that you will use to compile the 2008 tax documents. Since you might not have your taxes done prior to the financial aid application deadlines, make sure you keep track of documents that will help you complete the financial aid applications without your completed taxes. For example, year end pay stubs, quarter and month ending bank statements will help provide you with information to help complete the FAFSA when your taxes aren't quite done.

However, it is important to be as accurate as possible when completing the FAFSA because the results of that form will determine the initial financial aid packages offered to students. If you don't want massive changes in the financial aid offered due to large errors in the FAFSA, use what current income and asset information you have to insure the most up to date numbers possible!!!