Asked in FAFSA
Do you pay back FAFSA?
February 04, 2012 2:57PM
1) FAFSA is a free service offered by the U.S. Government. You do not have to pay a fee for using this service. Only processing service websites such as FAFSA.com will require payment for helping you. Is is not the same as FAFSA.gov so be careful.
2) FAFSA will inform the college or university if you qualify for financial aid. If you are approved you can receive a grant (which is not repaid) or a loan, which must be paid back unless you qualify for exemptions. If you are approved you can also receive need-based scholarships, which do not need to be paid back.
Each college or university should have a financial aid department where you can get factual, easy to understand information.