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Brent Fulkerson
Financial Advisor
1stMidAmerica Retirement Services
Located at 1stMidAmerica Credit Union
1795 E Edwardsville Road
Wood River, IL 62095
Phone: 618-258-7804
Email: brent.fulkerson@lpl.com
May/June 2023
FAFSA 101
Do you have a child who is headed to college in 2024? If so, you’ll want to fill out and submit a FAFSA when the form becomes available on October 1, 2023. FAFSA stands for Free Application for Federal Student Aid. It’s used to determine the amount of the loans, grants, and other federal financial aid a prospective student qualifies for. In addition, colleges use the FAFSA when deciding on a financial aid package to offer an applicant.
Create an Account
The first step in the process is for your child to set up an online account at studentaid.gov Both parents and students should create a login and password to access the account. Make sure you write down your sign-in credentials because you’ll use them during all the years your child is in school.Gather Documents
Before you begin the application, assemble all the documents you will need to complete it. The list includes:- Student’s Social Security Number
- Parents’ Social Security numbers, if your child is a dependent
- Alien registration number if not a U.S. citizen
- Parents’ federal tax return
- Untaxed income, such as child support
- Cash, checking/savings account balances, and investments (stocks, bonds, real estate, but not your home)
- List of schools (up to 10) where information should be sent. You can add to this list later on if you need to.
The Deadline
Students have until June 30, 2024, to apply for the 2023-2024 academic year. However, it’s wise to apply early before the bulk of the funds has been awarded.More information and help with filling out the FAFSA are also available on the website: https://studentaid.gov
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Brent Fulkerson is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. 1stMidAmerica Credit Union and 1stMidAmerica Retirement Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using 1stMidAmerica Retirement Services, and may also be employees of 1stMidAmerica Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, 1stMidAmerica Credit Union or 1stMidAmerica Retirement Services. Securities and insurance offered through LPL or its affiliates are:
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