Filling out the Student Aid Form (FAFSA)
Category : college and student debt
Published Date : 12/03/2024
The Free Application for Federal Student Aid (FAFSA) is a form that students and their families can fill out to apply for federal financial aid for college, including grants, loans, and work-study programs. The FAFSA is administered by the U.S. Department of Education, and it is used to determine a student's eligibility for financial aid.
To fill out the FAFSA, students and their families will need to provide information about their financial situation, including their income, assets, and expenses. The FAFSA uses this information to calculate the student's Expected Family Contribution (EFC), which is an estimate of how much the student and their family can afford to pay for college.
Once the student has completed the FAFSA, the information is sent to the schools that the student has applied to. The schools will use the information from the FAFSA to determine the student's eligibility for financial aid and to create a financial aid package for the student. This package may include grants, loans, and work-study opportunities to help the student pay for college.
It is important to fill out the FAFSA as soon as possible, as some financial aid is awarded on a first-come, first-served basis. The FAFSA is available online, and it can be completed in a few hours.
Tax returns
Child support documentation
Bank balances including cash, savings, CDs and checking accounts
Net worth including investments and businesses
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