Please post link to financial aid information threads.
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First step is to set up an account at the Free Application for Federal Student Aid (FAFSA).
For the 2015-2016 year you'll have to wait until January 1, 2015. The student and parent will need their own PIN to electronically sign the application. The application process has directions on how to do this.
Working on filing 2013 and prepping 2014 to fill this out.
Does it take into account non-reoccurring or one time income?
Does it take into account non-reoccurring or one time income?
Income is based on the student's and parents tax returns. So for the 2015-2016 the income would come from what is reported/filed for the 2014 tax year. Once the tax return is filed, you'll have to link the tax return to the FAFSA application. The application will walk you through this.