What Does FAFSA Stand for?
There are many sources of funding available for students pursuing college. It is important that you consider each of the following types of aid when planning for college.
FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) Useful Websites
Free Application for Federal Student Aid (FAFSA)
The FAFSA stands for the Free Application Federal Student Aid. It is an official form that colleges, states, the federal government, and other organizations use for awarding financial assistance to students. Proper submission of this form is essential for having access to various scholarship programs, federal student loans, grants, and work-study programs. If you are planning to register for college aid, after your high school studies, completing the FAFSA form is your first step towards it.
Federal Student Aid
The Federal Student Aid is the largest provider of student financial aid in the nation and provides more than $120 billion in grant, work-study, and low interest loans each year to more than millions of students to help pay for college or career school.
Student Aid Report (SAR)
Basically, the SAR is a document of your “results” for what federal aid you qualify for. It can be either electronic or paper, depending on what information you provided in the FAFSA. It gives you basic information about your eligibility for federal financial aid.
California Student Aid Commission
A website from the State of California which provides details about financial aid available to Californians, including Cal Grants, Dream Act Grants, and Middle-Class Scholarships
FinAid is a very helpful website source of student financial aid information, advice and tools. Website provides students with financial aid information, information on loans, saving for your education and it is the first stop on the web for students looking for ways to finance their education. The site also has a link to a scholarship search engine for additional opportunities
Why Use FAFSA
Financial aid providers use the FAFSA form to determine eligibility for available financial aid. The application sets the groundwork for your financial aid package. It identifies the need-based aid and expected contributions from the family to complete an education program at any given educational institute.
When you are thinking about applying for school-based financial aid or federal financial assistance, don’t presume that you are not eligible. Begin with the FAFSA form to see which scholarships or financial aid programs you qualify for.
Where to Find the FAFSA Form
You can easily get the FAFSA form at the Federal Student Aid website. You need to complete this form online at the official FAFSA website, which the U.S. Department of Education administers. There is no fee for filling and submitting the form. So, if you find any website charging a fee for offering assistance in completing your FAFSA, stay away from it!
Only use the official link for finding and completing the application. It is always free! You can find plenty of guidance on how to fill the form from the FAFSA website and online.
What Documents Are Required for Filing FAFSA?
The FAFSA gathers financial and personal information from the students applying for financial aid and their parents. After that, it provides that information to the college or university to which you have applied. You need the following information and documents to complete and submit your FAFSA application seamlessly.
- Your social security number
- Your driver’s license number (if applicable)
- Social security number of your parents
- Student’s Alien Registration Number (if you are an overseas student)
- Information about student’s, student’s parents and spouse’s federal tax
- Untaxed income records like retirement withdrawal plan
- Other financial assets such as investments or savings account
To get more information regarding the documents, you need to complete the FAFSA application.Visit their official site.
What is the Date of Submission of FAFSA?
Generally, the federal due date of FAFSA submission is 30th of June each year until midnight CST. However, different colleges and states may have their unique requirements and deadlines for the submission of financial aid applications. So, you should regularly check the FAFSA website and set reminders.