What Is the Purpose of the FAFSA Application?

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The purpose of the FAFSA is to determine if someone qualifies for federal loans and for federal grants. Complete the FAFSA to assist a school in finding out if other organizations will offer scholarships with help from a financial aid officer in this free video on student loans and financial aid.

Part of the Video Series: Financial Aid
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Video Transcript

Hi my name is Brooke Kramer and I am the financial aid officer at Argosy University in Salt Lake City and today I'm going to answer what is the purpose of the financial aid application. So the purpose of the FAFSA is to determine if you qualify for federal loans and for federal grants. So it's very important to complete the FAFSA. It also determines, helps the school determine whether or not you qualify for scholarships through them as well as other organizations using it to see if they, if you qualify for scholarship. What the FAFSA helps schools to know is what your financial aid need is. So when you complete this application, you will be entering in information on your most recent tax returns as well as your parent's tax returns if you are a dependent student. If you have any other questions, please feel free to check out our website at www.argosy.edu.


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