Get the answer to this and other questions about FAFSA, the Free Application for Federal Student Aid.
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What is FAFSA?
The Free Application for Federal Student Aid (FAFSA) is a form that students in the United States can fill out to determine their eligibility for federal financial aid for college. The FAFSA is required by most colleges and universities in order to receive financial aid, and it is also used to determine eligibility for some state- and school-based financial aid programs.
What are the requirements to receive financial aid through FAFSA?
To be eligible to receive financial aid through FAFSA, you must:
-Be a U.S. citizen or an eligible non-citizen
-Have a valid Social Security number
-Be enrolled in or have been accepted for enrollment in an eligible program as a regular student seeking a degree or certificate
-Maintain satisfactory academic progress
-Not be in default on a federal student loan or owe money on a federal grant
-Register with the selective service, if required
-Be male and between the ages of 18 and 25
What are the types of financial aid available through FAFSA?
There are two types of financial aid available through FAFSA: grants and loans.
Grants are need-based, meaning they are awarded based on your financial need as determined by the information you provide on your FAFSA. You do not have to repay grants.
Loans are not need-based. They are awarded based on the information you provide on your FAFSA, but you will have to repay them with interest.
What are the benefits of FAFSA?
The FAFSA, or Free Application for Federal Student Aid, is a form that is required for most students who wish to apply for financial aid for college. The FAFSA is used to determine your eligibility for federal, state, and institutional financial aid. It is also used by some scholarship programs.
FAFSA is a qualified education program because it can be used to cover the cost of tuition, room and board, books, and other educational expenses. FAFSA can also be used to cover the cost of living expenses while you are attending school.
How do I apply for FAFSA?
To apply for FAFSA, you’ll need to fill out and submit the Free Application for Federal Student Aid (FAFSA) form. The form is available online at fafsa.ed.gov. You’ll need to provide information about yourself and your family’s financial situation, as well as your school’s federal school code.
You can get help filling out the FAFSA form from your college’s financial aid office, or from a government-sponsored program like the National Student Loan Program. Once you’ve submitted the form, you’ll receive a Student Aid Report (SAR), which will give you an estimate of how much financial aid you’re eligible for.
Is FAFSA a Qualified Education Program?
FAFSA is not a qualified education program and cannot be used to meet the eligibility requirements for the Free Application for Federal Student Aid (FAFSA).