What is a FAFSA Worksheet?

Answer 1

If you are getting ready to go to college, you are probably more than a little bit nervous about how you will fund your education. College is expensive, and savings accounts and saving bonds often aren't enough to cover the tuition and expenses. Although working while you are in school can help you to get by, it is difficult to maintain good grades while working a lot, and you might still have financial troubles. Therefore, it is important to fill out a FAFSA worksheet in an effort to get a little bit of help with college.

By filling out a FAFSA worksheet, you could end up with a federal Pell Grant, which will pay for your tuition. You don't have to pay these grants back, and the funds are typically enough to cover community college expenses. You might have to supplement the money if you are going to a university, but it will be helpful to have this financial assistance.

Even if you do not qualify for a Pell Grant, you might qualify for a private loan. A private loan through the government typically has a much better interest rate than a loan that you acquire through a private lender, and they are much more flexible about giving out these loans.

How Can You Make Filling Out a FAFSA Worksheet Easier?

If you have never filled out a FAFSA worksheet before, you might feel a bit overwhelmed by all of the information that it asks you to provide. However, these worksheets really aren't that difficult to fill out, and you shouldn't have a problem if you prepare all of your documents before filling out the form.

One good idea is to print out your FAFSA worksheet. Although it is quicker and easier to fill out your form online, printing out the worksheet makes it easy for you to remember all of the documents that you will need to gather before filling out the form.

You will need a copy of your tax return, and you might need a copy of your parents' tax return as well. You will also need other information about your income and expenses, so make sure to take a look at the form in order to gather the necessary materials.