The Free Application for Federal Student Aid (FAFSA) for academic year 2022-2023 is now available. As you prepare to complete and submit the new FAFSA, don’t forget about a handy tool that’s offered to you–the IRS Data Retrieval Tool (DRT).
At your request, the IRS DRT will automatically transfer your financial information from the required tax return to your FAFSA, saving you all the time you would normally spend entering the information yourself.
The FAFSA will ask you a few questions to determine your eligibility to use the DRT; if you are deemed eligible, you’ll be asked if you want to automatically transfer the information from the IRS to your FAFSA. Using the IRS DRT ensures the financial information on your FAFSA will be reported accurately, meaning a financial aid office will have one less reason to contact you for additional information.
To learn more about the IRS DRT, visit StudentAid.gov.