Thursday, March 15, 2012

Free Application for Federal Student Aid

Tax season is a good time to submit your application for federal grants and loans for higher education. If you are filing taxes with Ohio Benefit Bank, it is extra easy!

First, at the beginning of your tax filing session, be sure to electronically sign the "Consent to Use and Disclose" forms. This allows the OBB software to automatically populate the FAFSA forms in your OBB account with the relevant 2011 tax information. If you don't sign these consent forms, you will need to enter your tax information by hand.

The Ohio Benefit Bank also has busted some myths about federal aid here. Did you know you can get up to $5,710 per year for a single grant that doesn't need to be paid back? You could be eligible for more than one! A single loan could be worth up to $20,500.

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