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FAFSA

    FAFSA Editor's Picks

    • What Is FAFSA For?

      The Free Application for Federal Student Aid (FAFSA) is the primary source of financial aid for college students in the United States. In addition to federal and state governments, the FAFSA application is utilized by higher education institutions to establish a student's eligibility for various types of financial funding and assistance. more »

    • What Is the FAFSA Used for?

      The Free Application for Federal Student Aid (FAFSA) is the principal source of financial aid for students in the United States. The FAFSA is used by federal and state governments, along with colleges and vocational schools, to determine the amount of financial assistance a student can be awarded. more »

    • Why Do a FAFSA?

      Most students, regardless of the college (or vocational school) they are attending or whether they are seeking financial assistance, are required to complete the Free Application for Federal Student Aid (FAFSA) form. The FAFSA is the main source of student aid within the United States that's used by federal and state governments and ... more »

    • How Is FAFSA Calculated?

      FAFSA (Free Application for Federal Student Aid) is an application process used by the Department of Education to determine how much federal aid a student is eligible to receive. The form is available at any college campus, or can be filled out online at Fafsa.gov. more »

    • Where to Fill Out a Renewal FAFSA

      The Free Application for Federal Student Aid (FAFSA) is the main source of information for financial aid that students complete to be considered for funding. These types of funding include; college-sponsored financial aid, Federal Subsidized Stafford Loans, Federal Pell Grants, Perkins Loans, Federal Supplemental Educational... more »

    FAFSA Quick Guides

    • The College Loan Process

      According to 'CollegeBoard', the average 2008-2009 prices for public college tuition is over...

    • Preparing for College

      Getting ready to transition from high school to college can be both an exciting and scary...

    • Covering Your College Tuition

      According to College Board, students should be expecting to pay an additional $108 to $1,398 in...

    • Getting Into College

      Upon entering high school many students realize that college is approaching quickly. Everything...

    FAFSA Articles

    • What Does the FAFSA Cover?

      Completing the Free Application for Federal Student Aid (FAFSA) is usually the first step in applying for grants, student loans and other... more »

    • How to Amend a FAFSA

      The Free Application for Federal Student Aid (FAFSA) is a great resource to determine a student’s eligibility for federal grants and loans. Every... more »

    • FAFSA Tips

      The Federal Application for Financial Student Aid, or FAFSA, is a form used to determine a student's eligibility for federal financial aid. All... more »

    • How Do I Renew a FAFSA on the Web?

      FAFSA is the Free Application for Federal Student Aid. It offers loans, grants, and work-study programs to help you fund your college tuition.... more »

    • The Best Time to Apply for FAFSA

      The Free Application for Federal Student Aid is the single most important financial aid application. The information provided in the application... more »

    Wikipedia

    FAFSA

    The Free Application for Federal Student Aid (known as the FAFSA) is a form that can be filled out annually by current and anticipating college students (both undergraduate and graduate) in the United States to determine their eligibility for federal student financial aid (including Pell grants, Stafford loans, PLUS loans, and work-study programs). The Department of Education begins accepting the application beginning Jan. 1 of each year. Applicants who have filled out a FAFSA in previous years are able to fill out a renewal FAFSA, but information on taxes and savings, for example, must be updated annually.
    In addition, most states and schools use information from the FAFSA to award non-federal aid.

    The FAFSA consists of numerous questions regarding the students finances, as well as those of his or her family (in the case that a student is determined to be "dependent"); these are entered into a formula that determines the Expected Family Contribution (EFC). A number of factors are used in determining the EFC including the household size, income, number of students from household in college, and assets (not including retirement and 401(k) funds). This information is required because of the expectation that parents will contribute to their childs education, whether that is true or not.

    The FAFSA does not have questions related to student or family race, ethnicity, sexual orientation, disability, or religion.

    A Student Aid Report (SAR), which is a summary of the FAFSA responses, is forwarded to the student. The student should review the SAR carefully for errors and make any corrections. An electronic version of the SAR (called an ISIR) is made available for downloading by the colleges/universities the student selected on the FAFSA. The ISIR is also sent to state agencies that award state need-based aid. Schools may award aid on a first-come, first-served basis, and students are advised to fill out the FAFSA as early as possible for consid read more at » http://en.wikipedia.org/wiki/FAFSA

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