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FAFSA

The FAFSA (aka Free Application for Federal Student Aid) is a form that prospective or current undergraduate and graduate college students can fill out to determine their eligibility for various types of student financial aid including grants, Federal student loans as well as Federal work study. Questions about the FAFSA can be found here.

403 Questions

What if the FAFSA loan isn't enough?

If the loans you are eligible for after filling out a FAFSA are not enough to cover the entire cost of your college education, there are other ways that you can save on college costs:

1. If your financial aid situation has changed since you filled out the FAFSA, discuss your situation with the financial aid office.

2. Look into scholarships.

3. Take AP classes and/or the AP tests so you have the opportunity to get college credit for beginning college courses.

4. Start at a community college. See if you can take concurrent classes while in high school (you may be able to go to community college instead of taking upper level high school classes), take courses during the summer, or spend your first year there. Just make sure that the credits will transfer into the college you would like to finish at. You can get financial aid for community college too.

5. Go to school in state and close enough so that you can live at home.

6. Start pricing schools now so you can figure out how much you will need to save.

7. Start earning and saving money by working, even if it is just walking dogs or babysitting.

8. Save money on textbooks by buying them used, buying them online used, renting them, or selling them back each semester.

9. Take advantage of the services your college offers. You may get a savings on public transportation, be able to use the computer lab for free or a small fee, use the rec center, get physical and mental health coverage or services for free or low cost, find a meal plan that works for you, and other services. If you will not be using these services though, find out how many of the fees you can opt out of.

10. Talk to your high school guidance counselor or advisor, a school librarian or local librarian, and also a financial aid representative at the school you would like to attend. These people will help you come up with new ways to search for financial aid.

11. Once you know what school you would like to attend, look into their scholarships, work study, and residence programs.

12. Take out private loans as a last resort. If you absolutely need to get loans, get federal subsidized loans so you don't have to pay interest during school, can start paying the loans back after six months after being out of school, and have a low interest rate. Unsubsidized loans mean you need to pay interest while in school (which is still low, but can be a pain). Private loans from banks will usually have much higher interest rates.

13. Plan to take a few semesters off during college.

14. If you do go to school out of state, you may need to pay out of state tuition for the first year or so, but look into residency requirements because you may qualify as a resident after a year or two. Also look into any schools that may offer in state tuition to people in your state. Some states close by may do this if they are tiny enough.

What does 00489 EFC mean 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 you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.

Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.

Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.

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 TEACH grant.

How can you reset your FAFSA pin?

If you need to reset your Federal Student Aid pin, you can follow the instructions at the Student Aid Pin link below. There are directions for what to do if you simply forgot your pin, or if it was lost or stolen.

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.

Where to go to get a form called ''FAFSA''?

The Free Application for Federal Student Aid (FAFSA) can be completed in the following ways:

-The form can be completed online: http://www.fafsa.ed.gov/

-You can complete the FAFSA in PDF form and mail it in

-You can request a paper FAFSA by calling 1-800-4-FED-AID

Libraries and school guidance counseling offices usually have copies of the form on hand as well.

What does it mean if your EFC number is 2098?

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 you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.

Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.

Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.

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 electronic SAR. You do not need to fill in your own code, one will be assigned to you. Do not share this number with anyone other than a financial aid administrator. It can be used to make certain changes on the FAFSA. This number should be kept confidential.

Can you use FAFSA to purchase a car to use to get to school?

I see no problem with it. It's a good use of the money that's left over after paying for tuition and books.

What is the difference between KHEAA and FAFSA?

KHEAA stands for Kentucky Higher Education Assistance Authority. They help student prepare for college by sharing helpful resources on their website. FAFSA stands for Free Application for Federal Student Aid. This is an application that you need to fill out to find out what types of federal financial aid you are eligible for and if you qualify.

What is the amount expected for contribution if your EFC is 01583?

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 you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.

Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.

Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.

Why is it important that you thoroughly understand the FAFSA process?

It is important that you thoroughly understand the FAFSA process so that you can be sure that you can qualify for the most amount of money available to you.

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 of corrections.

What does financial need mean on FAFSA?

When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.

How long does it take to receive a check from FAFSA?

The financial assistance you receive after filling out a FAFSA will go to your school first to cover your tuition and fees first. This money should arrive by the due date, but if you are at all worried about it not getting there in time, you should contact the financial aid office at your school. Be sure to pay any charges your financial aid will not cover by the due date. If there is an overage, your school will send you a check. Each school is different, so you will need to find out when that is from your school.

What is an EFC of 00017?

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 you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.

Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.

Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.

Is FAFSA a grant?

FAFSA stands for Free Application for Federal Student Aid. You fill out the FAFSA so you can find out if you will be eligible for federal student aid including: grants, loans, scholarships, and work study.

How can I get a needed tax return for Fafsa if I am on Social Security disability?

Get a tax form (1040, 1040A, or 1040EZ, whichever works for you) and fill it out with the information you have, even though you don't need to file it. Then you will have the necessary line numbers and amounts to use in your FAFSA application. If that means all zeroes, then it will be zeroes.

How do I complete a Fafsa if I don't need to file taxes?

Get a tax form (1040, 1040A, or 1040EZ, whichever works for you) and fill it out with the information you have, even though you don't need to file it. Then you will have the necessary line numbers and amounts to use in your FAFSA application. If that means all zeroes, then it will be zeroes.

What is the difference between state and federal FAFSA?

There are federal education policies, federal education loans, and federal education standards.

However, unlike state schools (public colleges and universities) the only use of

'a federal education' I've ever heard referred either to:

# being in the military

* akin to the school of hard knocks, life university, and other witticisms;

* On the job training in the military;

* Officer training schools such as West Point or Annapolis 2. being in federal prison * sarcastically, referring to the prison sentence, or

* tongue-in-cheek, referring to obtaining further education while in the federal prison)

How long does it take for a Fafsa application to process?

FAFSA-It takes 48 hours to process your application and 2-3 weeks to finalize it. (send it to the school(s) listed.)

School's-5-6 weeks for the Financial Aid Office to post your award(s).

What does an EFC mean?

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 you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.

Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.

Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.

Can you apply for FAFSA without your parents tax return?

You can fill out the FAFSA without your parents' tax information if you are considered an independent student. You can figure out if you need to use their information by looking at the criteria below.

Do you only fill out the FAFSA once for all schools?

Yes, you only need to fill out the FAFSA once. Then you will fill in the school codes for the schools you would like to receive your results. Your FAFSA will automatically be sent to those schools.