FAFSA completion confusion - did I miss filling out bank account info after parent invitation?
I'm totally confused about whether we've actually completed the FAFSA or not. My daughter filled out her portion and then sent me the invitation link. I followed it and completed what seemed to be my section, but I'm worried something is missing. The system never asked about my bank accounts or savings information - just income, taxes, and some basic questions. Is that normal? The website says 'submitted' but there was no confirmation email or detailed summary. This is our first time applying and I'm paranoid about missing something important that could affect her aid. Do we need to fill out another form for assets? Any help would be really appreciated!
20 comments


StarSailor}
ur good! FAFSA simplified in 2024. They dont ask for bank account info anymore, only income from tax returns. thats why it feels incomplete. they use ur tax info now to determine aid eligibility. as long as it says submitted, ur probly fine
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Ava Garcia
•Really? That seems too simple. Are you 100% sure they don't need our savings/checking account balances anywhere? I'm worried they'll think we have no assets.
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Miguel Silva
The previous poster is correct. The 2025-2026 FAFSA has been significantly simplified as part of the FAFSA Simplification Act. The form no longer asks for bank account information or other asset questions for most families. They now only use adjusted gross income from your tax return and a few other factors to calculate the Student Aid Index (SAI). As long as you successfully submitted and it shows 'submitted' status in your portal, you've completed all required steps for the parent portion. One thing to verify: make sure both you AND your daughter have signed the form electronically with your FSA IDs. Both signatures are required for final submission.
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Ava Garcia
•Thank you so much for the detailed explanation! That's a huge relief. We both did sign with our FSA IDs at the end. I just wasn't expecting it to be so streamlined compared to what friends with older kids described from previous years.
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Zainab Ismail
DONT TRUST THE SYSTEM!! When my son applied last year it said "submitted" but 3 weeks later we got an email saying there was "missing information" and we had to redo half the application! By then we almost missed priority deadlines. The new FAFSA rollout has been FULL of glitches. I would call FSA directly to confirm everything is properly submitted before assuming you're done.
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Connor O'Neill
•Same thing happened to me! System said submitted but then got randomly selected for "verification" and had to submit a bunch of extra documents. College financial aid offices told us it happens to like 30% of applicants. Always better to double check everything.
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Ava Garcia
•Oh no, that sounds stressful! How do I actually reach someone at FSA? I tried calling the number on the website yesterday but was on hold for 45 minutes before I had to hang up.
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Yara Nassar
I recently had the same concerns after helping my nephew with his FAFSA. The new simplified form is legitimate - they really did remove the asset questions for most families with adjusted gross incomes below $60,000. However, checking that your application is properly processed is still important. I was struggling to get through to an FSA agent until someone recommended using Claimyr.com to skip the phone queue. They connected me to an agent in about 10 minutes instead of hours on hold. There's a video demo at https://youtu.be/TbC8dZQWYNQ that shows how it works. The agent confirmed everything was properly submitted and processing normally.
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Ava Garcia
•Thank you for the suggestion! I'll try that service if we don't get a confirmation soon. Did the FSA agent provide any documentation that everything was properly submitted when you called?
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Yara Nassar
•They didn't provide documentation, but they did confirm the exact date our application was received and that all required signatures were present. The agent also gave me a confirmation number for the call which I wrote down just in case. Peace of mind was worth it!
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Keisha Robinson
lol don't overthink it. my daughter's fafsa got approved and we literally just put in the tax info it asked for. no bank stuff. got her aid package last week and its all good. the schools will contact you if they need anything else.
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Ava Garcia
•That's reassuring! Did you receive any kind of confirmation after submitting besides just the status changing on the website?
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GalaxyGuardian
Financial aid advisor here. Let me clarify some points: 1. The new FAFSA (2025-2026) intentionally removed questions about bank accounts, investments, and other assets for most families as part of the simplification process. 2. The system calculates your Student Aid Index (SAI) primarily using tax return information obtained through the IRS Data Retrieval Tool. 3. You should receive a Student Aid Report (SAR) via email within 3-5 days of submission. This confirms processing is complete. 4. If you don't receive the SAR email, log into studentaid.gov and check if you can view your SAR there. 5. Some families (typically higher income or with complex financial situations) may still be selected for verification, which could require additional documentation. As long as both you and your daughter electronically signed with your FSA IDs and received a submission confirmation, you've completed the current requirements.
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Ava Garcia
•Thank you so much for this detailed information! We haven't received the SAR email yet (it's been 2 days), but I'll keep an eye out for it in the next few days before panicking. This is incredibly helpful.
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Connor O'Neill
When we did my daughters FAFSA it was super confusing too! Check if her college has a specific financial aid supplemental form. Our school required the CSS Profile IN ADDITION to FAFSA and THAT form asked about all our bank accounts and assets. Really depends on the school!
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Ava Garcia
•Oh! I didn't even think to check if her schools needed additional forms. She applied to 6 schools - do you know if the CSS Profile is something all private colleges require or just some of them?
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GalaxyGuardian
•Not all schools require the CSS Profile - typically only private colleges and some competitive public universities use it. Each school lists their required financial aid forms on their website. The CSS Profile is much more detailed than FAFSA and does ask about assets, investments, home equity, etc. Check each school's financial aid page for their specific requirements.
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Ava Garcia
Update: I found my daughter's Student Aid Report on studentaid.gov (no email yet, but it's there in the dashboard). It shows all the information we entered and says processing is complete! It also lists her SAI number. I guess we really are done with the FAFSA portion. Now I'm checking each school's financial aid page to see which ones require the CSS Profile. Thank you all for your help - this community has been amazing!
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AstroAce
Congratulations on getting through the FAFSA! It sounds like you figured everything out. Just wanted to add for other parents reading this - when you're checking for CSS Profile requirements, also look for any school-specific financial aid forms. Some colleges have their own supplemental forms in addition to FAFSA/CSS Profile. Also, make sure to note the deadlines for each school since they can vary quite a bit. Priority deadlines are usually earlier than final deadlines, and meeting priority deadlines can make a big difference in aid packages. Good luck to your daughter with her college applications!
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QuantumQuest
•This is such helpful advice! I'm just starting this process with my son who's a junior, and I had no idea about school-specific forms beyond FAFSA. The priority deadline tip is especially valuable - I'll make sure to create a spreadsheet with all the different deadlines for each school he's considering. It's great to see how supportive this community is for families navigating financial aid for the first time!
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