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FAFSA.Gov Tips

The FAFSA.gov home page is an excellent source of additional financial aid information. The following material provides a general overview of the financial aid process.

FASFA means “Free Application for Student Aid”. As the name denotes this is the free application that needs to be completed in order to be eligible for financial aid. The FAFSA can be found at FAFSA.gov.  FAFSA.gov is a user-friendly web site with a helpful FAQ section.

If you are applying for financial aid, you need to complete the free application for federal financial student aid. If you fail to complete this form, properly or on time, you will not be eligible for any federal and you might even miss out on campus-based aid.

In addition to your Stafford loan eligibility the FAFSA also determines your Pell grant eligibility. The Pell grant is for US citizens only. If you are a US citizen and you would like to be considered for the Pell grant you must complete the free application at FAFSA.gov.

FAFSA.GovThe FAFSA.gov site is where you’ll provide your personal and financial information. Be sure to take the time necessary to understand the instructions before completing the FAFSA. On the FAFSA home page, you’ll notice that there are three main areas that need to be addressed.  We strongly recommend you review  all the questions and collect the supporting documents before you attempt completing the FAFA.

Once you have submitted the FAFSA you won’t return to FAFSA.gov until it’s time to review your Student Aid Report also known as the SAR.  The SAR is a summary of all the data you provided on the Free Application For Federal Student Aid.  The SAR also provides you with you EFC or expected family contribution.

Once you receive the SAR, you are provided the opportunity to make any updates or changes to reflect the most current information.  You can make the changes directly online at the FAFSA.gov.

FAFSA.Gov Due Date

It is important to submit your form to FAFSA.gov at the earliest possible date after January 1 of the student’s senior year of high school.  Many families mistakenly wait until they have completed their current years take return before completing it.

It is strongly recommended that you estimate your financial situation on the initial FAFSA. Then upon completion of your tax returns update your SAR at FAFSA.gov.  The reason for this is to position yourself at the front of the line for financial aid.

Positioning yourself at the front of the line for financial aid is important.  It is important to be in the front of the line because it is possible to be eligible for financial and not receive any because funding has been depleted.

If you have any questions about the FAFSA or the financial aid process visit the FAQ section on the FAFSA.gov.  You will find most of your questions regarding the financial aid process will be addressed at FAFSA.gov.

FAFSA.Gov Warning

We can’t stress enough how important it is to submit your application at FAFSA.gov as early as possible. Remember the amount of financial aid you receive is based on your application.  The information you provide must be accurate to the best of your knowledge.  Fraudulent information can result in loss of financial and the offender can face fines and prosecution.

How to Fill Out a FAFSA Form

If you are interested in applying for federal aid then you are probably very interested in some free help on how to fill out a FAFSA, a Free Application for Federal Student Aid. There are actually firms that offer preparation services for this document, so it’s not a form you can cursorily fill out at your leisure. It requires some studying and commitment. You can also request help by visiting the college in question, or even asking for help from your local high school or library in filling out the FAFSA.

Of course, you can also fill the form out yourself if you request it online or ask for a mailed copy. If this is the case, then it’s just a matter of providing all 130 answers to the Department of Education’s questions. These questions concern economic data on you and your family (if you are in high school).

The Basic Questions of FAFSA

Many of the questions on the FAFSA will be easy at first, as you will provide information related to Social Security Number, driver’s license number, and tax information, which includes the income that you made. You are also required to include information about savings, investment and business assets. You also have to provide information on marriage status, location and dependency. If you are dependent, then information on your parent’s income will be required for the FAFSA.

The next section consists of data concerning student finances, followed by identification data for the school in which you hope to attend. The next section on the FAFSA is for totaling all of the financial data and tax returns so that you can find out your income according to the provided formula. This is not an impossible process, though some applicants choose to outsource the paperwork stage to a preparing firm.

The Aftermath Process of FAFSA

After filling out the form, you can mail the FAFSA document to the Department of Education or to the online website. It is best to send the document as early as possible, as schools and possibly even state offices have deadlines. The government itself has a first come, first serve arrangement itself and January 1st is the start date. Remember that you may have to provide evidence of financial statements, including income tax returns, W-2 forms, bank statements and veteran’s benefits, stocks, investments and mortgage information.

Never leave blank lines on a FAFSA document. Write N/A if the question is not applicable. Always use the legal name that is listed on your Social Security card. Remember to sign the document and get all appropriate signatures. Failure to pay attention to these minute details could spell the difference between a grant and a rejection.

After you send the FAFSA form out, you will receive a Student Aid Report in about a month. This document states your Expected Family Contribution (EFC). You can correct information if you’d like or have a financial aid administrator at your college start assembling the financial aid package. You are then waiting on your award letter which will give you details on whether or not you can expect a government grant!

What You Must Know About FAFSA, the Grant Form

If you want a government grant (most of which are not repayable) then it’s time to request a FAFSA form. Filling out the Free Application for Federal Student Aid is the first part of the process and merely involves providing financial and family details regarding your situation. You can ask for a form from your local high school, library or the college of your choice.  If you do this, you will also get mentoring as to how to fill out the form properly.  You may also hire a fee-based preparer for this important document. If you want to do this on your own, you have the option of going online, calling the Department of Education or writing via postal mail.  Keep in mind that some colleges may require a CSS profile as well as a FAFSA.  The CSS is a product created by the local College Board.

Learning More About the FAFSA Form

Do not feel depressed about your lack of options. Your predicament is the exact reason why these programs were started. Practically every student is eligible for financial aid.The minimal citizenship requirements are relatively easy; you need to be a U.S. citizen with a valid SSN, registered for U.S. Selective Service (if under the age of 25) and you have to have a high school diploma or GED. That’s right, high grades are not necessary. All you are required to do is the Ability-to-Benefit test.

Besides these basics, financial requirements for FAFSA are mainly credit-related. The government wants to know and verify that you don’t owe any refunds on federal student grants, have not defaulted on student loans, have not been convicted of a felony and are current with your income taxes. Why, there is even a program called the Student Aid and Fiscal Responsibility Act (SAFRA), which allows students who were previously convicted of minor drug offenses to continue their educational plans. The FAFSA is all about options!

What Type of Aid Does FAFSA Provide?

FAFSA provides a variety of options, and not only the well known Pell Grant. (The Pell Grant offers up to $5,550 for students with EFCs) Other educational pursuits include Stafford Loans (subsidized loans), Perkins Loans and The Federal Work-Study Program. Remember also that besides the FAFSA, you can pursue other loans to pay for a full college program.

Will you be approved?

It’s a rather unpredictable scenario, and one based on many factors, including your state of origin, the school you’re applying to, your income (or your family’s income), your assets or family assets, and household data. There are about 130 questions to fill out on this form.

Be optimistic about your chances.

Recently, a bill was passed to make drastic cuts in federal education expenses, which would affect all of the FAFSA programs. However, even in a fierce bipartisan war, the bill did not pass because of unanimous support. Why not give it a try? See what options are opened to you. You may be surprised at the opportunities you find!

What You Must Know About FAFSA, the Grant Form

If you want a government grant (most of which are not repayable) then it’s time to request a FAFSA form. Filling out the Free Application for Federal Student Aid is the first part of the process and merely involves providing financial and family details regarding your situation. You can ask for a form from your local high school, library or the college of your choice. If you do this, you will also get mentoring as to how to fill out the form properly. You may also hire a fee-based preparer for this important document. If you want to do this on your own, you have the option of going online, calling the Department of Education or writing via postal mail. Keep in mind that some colleges may require a CSS profile as well as a FAFSA. The CSS is a product created by the local College Board.

Learning More About the FAFSA Form

Do not feel depressed about your lack of options. Your predicament is the exact reason why these programs were started. Practically every student is eligible for financial aid. The minimal citizenship requirements are relatively easy; you need to be a U.S. citizen with a valid SSN, registered for U.S. Selective Service (if under the age of 25) and you have to have a high school diploma or GED. That’s right, high grades are not necessary. All you are required to do is the Ability-to-Benefit test.

Besides these basics, financial requirements for FAFSA are mainly credit-related. The government wants to know and verify that you don’t owe any refunds on federal student grants, have not defaulted on student loans, have not been convicted of a felony and are current with your income taxes. Why, there is even a program called the Student Aid and Fiscal Responsibility Act (SAFRA), which allows students who were previously convicted of minor drug offenses to continue their educational plans. The FAFSA is all about options!

What Type of Aid Does FAFSA Provide?

FAFSA provides a variety of options, and not only the well known Pell Grant. (The Pell Grant offers up to $5,550 for students with EFCs) Other educational pursuits include Stafford Loans (subsidized loans), Perkins Loans and The Federal Work-Study Program. Remember also that besides the FAFSA, you can pursue other loans to pay for a full college program.

Will you be approved? It’s a rather unpredictable scenario, and one based on many factors, including your state of origin, the school you’re applying to, your income (or your family’s income), your assets or family assets, and household data. There are about 130 questions to fill out on this form.

Be optimistic about your chances. Recently, a bill was passed to make drastic cuts in federal education expenses, which would affect all of the FAFSA programs. However, even in a fierce bipartisan war, the bill did not pass because of unanimous support. Why not give it a try? See what options are opened to you. You may be surprised at the opportunities you find!

Important Information About the FAFSA

What is the FAFSA and what does it have to do with getting a loan or grant for education? This acronym refers to a Free Application for Federal Student Aid. This is the form that a student fills out in order to be considered for the Pell Grant, a grant for up to $5,500 dollars, which pays for a whole school season.

Minimum FAFSA Qualifications

The big question is, what must a student and his or her family do to qualify for a FAFSA program? There are eligibility requirements and they are mostly financial, along with a few extra technicalities. For example, you cannot be eligible if you have already completed a first Bachelor’s Degree. You must also be current on your taxes. Furthermore, the location you are at (and the laws applicable) will also count in your favor.

This program is considered the “gateway” program, which means most of the money devoted to education goes to this program, along with nine other federal student aid options. If you are interested in applying for FAFSA program, then the best time to apply is early in the year, as the U.S. Department of Education begins considering applications on January 1st. The application period takes 18 months, and it is a “first come, first served” type of arrangement. There are no restrictions on how many FAFSAs you can complete; why, even students who have been awarded one FAFSA can reapply for a new school semester.

Of course, it’s important to realize that grants like Pell Grant are not meant to be full scholarship loans. They are actually government grants (meaning that they don’t have to be paid back) and are meant as a sort of “starter” fund for building a complete college fund.

Filling Out the FAFSA

Are there any tips on how to fill out the FAFSA? Obviously, it’s a very straightforward process, one requiring full honesty. It does help to know, however, what questions will be included on the form. The FAFSA will ask 130 questions, all relating to a student’s assets, income and dependencies. For a high school student, family information must be included in the form. All of this information determines the Expected Family Contribution. Everything you own is evaluated, from house size to the number of students in college, to your number of family members.

In case you’re wondering, there are no questions regarding race, sexual orientation, ethnicity, disability or religion. After filling out the FAFSA, a Student Aid Report (SAR), is sent to the student, and serves as a summary. It is important to review the document and notice any errors that could affect the decision.

The electronic version of the FAFSA will be sent not only to the Department of Education, but also to colleges or universities the student selects, as well as state agencies that award “need-based” grants or loans.

Though times are changing, FAFSA, and the grants that follow, are within your grasp. Take a chance and apply for government aid! You may be surprised to know how many options await you!