When completing the FAFSA, what should students do if they are uncertain about their income information?

Consulting with a parent or financial advisor for guidance on reporting income is the appropriate action for students who are unsure about their income information when completing the FAFSA. This approach ensures that the information provided is accurate and reflects the student's or family’s financial situation as closely as possible. Accurate reporting is crucial because the FAFSA determines eligibility for financial aid programs, and inaccuracies can lead to complications, such as delays in aid processing or possible penalties.

Using estimated income based on the previous year might also seem valid, but consulting someone knowledgeable provides a more reliable foundation for estimating or confirming income, especially if there have been significant changes. Leaving the income section blank or guessing the amount could result in the FAFSA being considered incomplete or incorrect, which can have negative consequences for financial aid eligibility. Thus, seeking counsel is the best practice to ensure that the FAFSA is completed correctly and thoroughly.