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Each year the Central Processing System (CPS) creates a Renewal Free Application for Federal Student Aid (FAFSA) for students who are eligible to participate in the renewal application process. The Renewal FAFSA process is a tremendous time-saver for students because most of the information they provided on their prior-year application is carried forward and pre-printed on their Renewal FAFSA. Students need only answer certain income and asset questions and update other information if it has changed from the previous year.
Since most students are using the Web to reapply for aid, beginning in 2005-06 the CPS will automatically send Renewal Reminders to all renewal eligible students instead of sending them paper Renewal FAFSAs. Renewal Reminders inform students they may use the Web to reapply for aid.
Important Dates
August 2004
Postsecondary schools are reminded to have students update mailing or e-mail addresses in the CPS.
October 2004
CPS finalizes Renewal Application Eligibility File and postsecondary schools submit paper Renewal Application requests.
November 2004
The CPS transmits a file listing the postsecondary school’s 2005-06 Renewal Application eligible student participants and indicates whether students were sent a PIN, a paper Renewal Application, or neither.
November and December 2004
The CPS sends Renewal Reminders directly to students and prints and mails paper Renewal FAFSAs directly to students whose schools requested they receive a paper Renewal FAFSA instead of a Renewal Reminder.
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