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What is FAFSA used for?

Updated: 9/14/2023
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15y ago

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To receive government-funded financial aid, including grants, loans and work-study, US college students are required to submit a FAFSA (Free Application for Federal Student Aid). Many institutions also require a FAFSA when students apply for aid from the school itself. It is necessary to resubmit a FAFSA each year a student wants aid, as the amount of need is recalculated annually, often based on changing factors such as the number of siblings also in college. A few weeks after submitting the FAFSA, students receive a letter that summarizes their financial data, detailing their aid eligibility and expected family contribution. The government and schools then use this information to decide on the amount of the aid award. For the source and more detailed information concerning this subject, click on the related links section (Answers.com) indicated below this answer box.

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Q: What is FAFSA used for?
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Related questions

Can FAFSA be used for housing?

Yes, the financial aid you receive when you fill out the FAFSA can be used for housing while you are in college.


What is the W-2 in the FAFSA?

The W-2 is a tax document that is used to report income. This helps FAFSA to figure out how much financial aid you are eligible to receive.


How do you apply for FAFSA?

You can fill out the FAFSA application online at the link below, or you can fill out a paper FAFSA and mail it in.


What is the website for fafsa?

The website for FAFSA is https://fafsa.ed.gov/


Where can I find my FAFSA status?

You can find your FAFSA status at the following sites that I found for you to have a look at. Here are the sites www.fafsaonline.com/FAFSA.../what's-my-FAFSA-status.php ,www.fafsa.ed.gov/help.htm


Where does your FAFSA information go?

Your FAFSA information is used by the U.S. Department of Education to determine your eligibility for federal student aid, such as grants, loans, and work-study programs. The information is also shared with the schools you list on your FAFSA so they can determine your financial aid package. Additionally, some states and institutions may use the data to determine eligibility for their financial aid programs.


Can adults apply for FAFSA?

Yes, adults can fill out the FAFSA.


How often does the fafsa have to be completed?

The FAFSA needs to be completed annually.


What does it cost to submit the FAFSA?

The FAFSA is free to fill out and submit. FAFSA stands for Free Application for Federal Student Aid.


Which websites carry FAFSA calculators?

Go directly to the FAFSA website to find info on how much you could expect from your FAFSA application.


FAFSA 2008-2009 or FAFSA 2009-2010?

Each January, the new FAFSA becomes available online for students to fill out for the upcoming school year. You should fill out the FAFSA for the year you will be attending college.


FAFSA Loans?

The FAFSA (Free Application for Federal Student Aid) is the application used to determine eligibility for federal student loans, grants, and work-study programs. Loans obtained through the FAFSA are typically low-interest loans offered by the government to help students and their families pay for higher education expenses. The specific types of loans available through the FAFSA include Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.