X

College & Career Training in Alaska

As we are about to descend upon FAFSA season, a question commonly asked is where does your Alaska Permanent Fund Dividend(PFD) go on your FAFSA?  Well, it all depends if you filed taxes or not, and who filed them.

If you filed your 2018 tax return, you will either be able to use the IRS Data-Retrieval Tool (IRS-DRT) or manually enter your parents and/or your tax information.  The IRS-DRT method does require the use of your Financial Student Aid ID (FSAID)  and it is strongly recommended because it securely connects your FAFSA to the IRS database and transfers applicable tax information for you.  If you are selected for FAFSA verification, having used the IRS-DRT eases the verification process.

If you are a dependent student (most students straight out of high school), it’s possible that the parents claimed the student on their taxes, which would include both the student’s and parent’s Alaska PFDs.  The PFD would be included into the adjusted gross income for the parents, which can be found on IRS Form 1040-Line 7.  This question is one that the IRS-DRT will import for you.  If you are having to manually enter your tax information, you would put your adjusted gross income in the parent portion of the FAFSA under question 85.

If you are an independent student, or if you are a dependent student and filed your own taxes, your PFD is most likely calculated in your adjusted gross income.  If you don’t use the IRS-DRT, you will be able to manually input your adjusted gross income under question 36.

The FAFSA does ask “Did (or will) you file a Schedule 1 with your 2018 tax return?”  If you did not file or you only filed a Schedule 1 to report your Alaska PFD, you will answer this question with a “no” response. 

 

If you have any questions about the FAFSA and how to fill it out, please come by the ACPE Success Center located at the Dimond Center Mall.  For more information or to schedule an appointment, please call us at 1 (800) 441-2962, option #4.

About the Author

Tyler Eggen

Tyler Eggen

Tyler is Alaskan born and educated, with over a decade of experience in higher education & student affairs.  When he is not serving the next generation of postsecondary education students, he enjoys spending time outdoors while hunting and fishing.

Related

What are the AmeriCorps, The Peace Corps, and Job Corps all about?

What are the AmeriCorps, The Peace Corps, and Job Corps all about?

Many of our blogs are focused on individuals who seek to improve themselves through colleges and car...

Read More >
What is a Career Plan?

What is a Career Plan?

The future may be uncertain, but a career plan puts you in charge of your future. The best way to pr...

Read More >
Finding Financial Resources for Postsecondary Education

Finding Financial Resources for Postsecondary Education

Paying for college can turn out to be a scavenger hunt for funds, but when it comes to achieving you...

Read More >
Other options that may lead into going to college or training

Other options that may lead into going to college or training

It’s your senior year in high school and all your friends are talking about what they are going to ...

Read More >
ACPE’s Success Center is here to serve you!

ACPE’s Success Center is here to serve you!

The Success Center offers free resources to all Alaska postsecondary students and their families. F...

Read More >
Admissions, Financial Aid, and Enrollment – Where to Start!

Admissions, Financial Aid, and Enrollment – Where to Start!

Being the first to do anything can be exciting and nerve-wracking at the same time. Well, that’s ho...

Read More >