WHAT IS FAFSA – FREE APPLICATION FOR FEDERAL STUDENT AID?
After the college applications go out, it is time to fill out the Free Application for Federal Student Aid (FAFSA). The Free Application for Federal Student Aid (FAFSA) is the primary application for need-based financial aid. Colleges use your FAFSA results to allocate the majority of their financial aid.
The FAFSA asks for information about both students and parents (if the student is unmarried and under 24). This information includes income and assets and basic facts about the student’s household. It must be accurate as of the day you file your FAFSA. The FAFSA also asks you to list the colleges that you want to receive your FAFSA results.
After filling out the FAFSA, you will be notified of your ‘Expected Family Contribution’ towards your college education, or the amount of money to be considered your family’s responsibility to pay towards your college education.
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