Usually, you do not need your tax transcripts; we can use your 1040. If you use the 1040, please make sure that you attach Schedule 1, 2 or 3 if they were part of the return. Please keep in mind that your Financial Aid Advisor may request additional information if needed
The FAFSA uses what is called Prior/Prior year tax information. That means the taxes used for the FAFSA aren't from last year but the year before. For example, the 2023-2024 FAFSA uses the 2021 taxes, not the 2022 taxes. You will see this listed in the documents section of the portal.
BLS pay estimates calculate the median annual wage for various occupations. Per the BLS the median wage for an occupation is: "The wage at which half of the workers in the occupation earned more than that amount, and half earned less. Median wage data are from the BLS Occupational Employment and Wage Statistics survey." Bureau of Labor Statistics (BLS), U.S. Department of Labor, Occupational Outlook Handbook 2024. BLS median wage estimates do not represent entry-level wages and/or salaries. Multiple factors, including prior experience, age, geographic market in which you want to work, and degree level and field, will affect career outcomes, including starting salary and earnings as an experienced employee. Herzing neither represents that its graduates will earn the median salaries calculated by BLS for a particular job nor guarantees that graduation from its program will result in a job, promotion, particular wage or salary, or other career growth.
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