What is FAFSA?
FAFSA is the Free Application for Federal Student Aid. Anyone who wants financial aid for college will need to fill out the FAFSA. The application is used to determine the dollar amount you or your family will be expected to contribute towards college. All federal grant and loan awards are determined by the FAFSA, and nearly all colleges use the FAFSA as the basis for their own financial aid awards.
The FAFSA requires information in five categories:
- Information about the student
- Information about the student’s dependency status
- Information about the student’s parents
- Information about the student’s finances
- A list of the schools that should receive the results of the FAFSA
Students can fill out the FAFSA online at the FAFSA website , or they can apply through the mail with a paper form. The Office of Federal Student Aid strongly recommends the online application because it conducts immediate error checking, and it tends to speed up the application process by a few weeks. Students applying online can save their work and return to an application at a later date.