What is FAFSA?

FAFSA stands for Free Application for Federal Student Aid. It is a single form you can fill out online and submit for a variety of national government educational aid programs. Most states also use FAFSA information in considering you or your child for non-federal aid.

Who Is Eligible?

In order to qualify for for federal student aid through the FAFSA program, you must be a U.S. citizen and not convicted of the sale or possession of illegal drugs while receiving aid. Additionally, you must be a high school graduate or have passed the General Educational Development, or GED, test, and you must have a Social Security number. You cannot be in default on any student loan programs, and, if you are a male between the ages of 18 to 25, you must be registered with the Selective Service.

What Does FAFSA Require?

You will answer detailed questions about your financial situation, and if you are a dependent family member, these will include questions about family finances. The question will yield an Expected Family Contribution to the cost of your education and set the level above which you may seek federal aid.

What Does FAFSA Get You?

Through the FAFSA process you can apply for such federal student aid or loan programs as Pell Grants, Stafford Loans, Perkins Loans, the PLUS Loan Program and work-study programs. These are in addition to programs available in your state.

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