With the financial aid process in full swing, it is helpful to know how to use the IRS Data Retrieval Tool system. The IRS Data Retrieval Tool allows applicants who have already filed their federal income tax returns to prefill the answers to some questions on the Free Application for Federal Student Aid (FAFSA) by transferring the data from their federal income tax returns. This can save you time when completing the FAFSA. It may also reduce the likelihood that your FAFSA will be selected for verification.
Follow this step-by-step process when using the IRS Data Retrieval Tool:
For more information, please visit the Financial Aid website at www.butler.edu/financial-aid.
Video compliments of UCSB.