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What is FAFSA?

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The Free Application for Federal Student Aid (known as FAFSA), is a form that must be filled out annually by current and anticipating university students (both undergraduate and graduate) and sometimes their parents in the United States to determine their eligibility for federal student financial aid (including grants, loans, and work-study programs). In addition, most states and schools use information from the FAFSA to award non-federal aid. The FAFSA consists of numerous questions regarding the student's finances, as well as those of his or her family; these are entered into a formula that determines the Expected Family Contribution (EFC). The amount of the EFC can vary widely, depending on a number of factors; for example, one such factor is whether a student has siblings in college at the time. Other entities, such as the specific college or state of the student, may also use some of these responses to determine if the student is eligible for school or state aid, in addition to federal aid. A Student Aid Report (SAR), which includes a summary of the students financial aid formation and the EFC, is forwarded to the schools listed by the student as well as the student. These schools then use the SAR to determine what financial aid package (if any) to award the student.
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What does the acronym FAFSA stand for?

FAFSA stands for The Free Application for Federal Student Aid. It is the most important form you must complete in order to qualify for almost all types of financial aid. Your

Can you amend your FAFSA?

Yes, you can amend your FAFSA. You can use the Student Aid: Correcting or Updating Your FAFSA guide that is linked below to figure out what you need to do for specific types o

What are the codes for the FAFSA DRN number?

A DRN stands for Data Release Number on a Student Aid Report. It is a four-digit number assigned to your application that appears on the upper right corner of your paper and e

Can a graduate student apply for the FAFSA?

Yes, graduate students should fill out a FAFSA so they have the opportunity to find out their eligibility for a Pell grant, work study, a Direct loan, a Perkins loan, and a TE

Do you have to fill out FAFSA form?

No, you do not have to fill out a FAFSA.  It is recommended that students fill out a FAFSA though to find out if they are eligible for federal financial aid including grants,

How can FAFSA help?

It can pay off most or all of your tution cost's so you'll only have to buy your books, school supplies etc. With the Pell Grant you can get $5,500 for the entire year.

When do you fill out a FAFSA?

The FAFSA can be filled out after January 1. It is good to do as quickly after this date as possible. Many colleges suggest that it should be done by March, but it never hurts

What does FAFSA pay for?

That Free Application for Federal Student Aid (FAFSA) determines your financial need for college. The FAFSA itself does not help you pay for college, rather it is an applicati

Do you get an refund check back from FAFSA?

You get the refund from your school if there is a remaning balance once all your fees have bene paid off. Mnay school's work with a company called Higher-One that distributes

What does FAFSA stand for?

FAFSA stands for Free Application for Federal Student Aid Free Application for Federal Student Aid

Who can apply for FAfSA?

Any student who is planning on attending college can fill out the FAFSA. Even if your family has a higher income, still apply for financial aid. This application gives college

What is EFC mean on the FAFSA forms?

Expected Family Contribution     According to the FAFSA FAQ:   The Expected Family Contribution (EFC) measures your family's financial strength and is used to de

Independent on the FAFSA if you are pregnant?

Being pregnant does not necessarily mean you are independent. There are other factors involved, to include age, living at home, support issues etc. The best thing to do is to

What does it mean if your EFC is 238 on FAFSA?

EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if y