Saturday, February 9, 2008

'Tis The Season

Most adults in America know the dread deadline of April 15th. For those of us with (multiple) college age children the tax season brings an added bit of pain: FAFSA. The Free Application for Federal Student Aid.
Perhaps the most perplexing part of the FAFSA process is that you really need to have your federal taxes completed before you fill in the FAFSA forms. But, in many cases, FAFSA needs to be sent in 60 days before the IRS deadline. So, while you're still waiting on all the information needed to do your 1040 you have to use the information from the yet-to-be completed 1040 to fill in the FAFSA. Nice.
My kids point out that I've gotten much grayer since the first of them went off to college. I can't imagine why.