Free Application for Federal Student Aid or FAFSA. Learn everything you need to know about submitting your application to the Department of Education.
Deciding to leave college can feel like a tough choice, especially if you’re relying on FAFSA (Free Application for Federal Student Aid) to fund your education. But what happens if you drop out of college with FAFSA in place? The decision to leave can bring about significant consequences, both academically and financially. Understanding the effects … Read more
When it comes to saving for college, 529 plans are one of the most popular tools due to their tax advantages and flexibility. However, understanding how these accounts are treated on the Free Application for Federal Student Aid (FAFSA) can be confusing. The ownership of a 529 plan—whether it’s held by the student, parent, or … Read more
Applications for FAFSA, or Free Application for Federal Student Aid, start every year on October 1. Since some of the aids are offered on a first-come, first-served basis, it may be a good idea to submit your application as soon as possible. The earlier you file your application, the greater the probability of benefiting from certain financial aid. … Read more
The FAFSA is a free application that offers financial aid for college education. It can be in the form of school or state financial aid, federal student loans, work-study, or grants for college. As applicants can only apply for one of these, they can also apply for all. It is better to submit your FAFSA as soon as possible … Read more
The Free Application for Federal Student Aid is a multiple-step process that evaluates whether or not a student is eligible to receive financial aid. Upon the student and his/her parent or guardian completing the application electronically or on paper, the Department of Education issues a summary of this known as the Student Aid Report. It’s … Read more
The Free Application for Federal Student Aid houses many terms that can confuse those making an application for the first time. One of these terms is the cost of attendance. Abbreviated as COA, find its definition and what it means for a student applying for federal student aid. There is certainly a cost linked with … Read more
The parents of students that are applying for Federal Student Aid are required to submit their tax information. On a paper application, parents can include their tax transcript on their FAFSA. This is done physically by taking a paper copy of the tax transcript and attaching it to their FAFSA forms. While this is one … Read more
One of the most important and overlooked parts of Free Application for Federal Student Aid is the expected family contribution. Depending on the financial statements provided on the student and parent’s FAFSA, the Department of Education will come up with an expected family contribution amount. This amount represents how much the family is expected to … Read more
FAFSA applications are available to submit for the academic year. Students and parents can fill out paper FAFSA form on paper and mail it to the Department of Education. Before filling out a paper FAFSA form, consider submitting it electronically. There are plenty of upsides to submitting FAFSA online. It will take significantly shorter for … Read more
Free Application for Federal Student Aid (FAFSA) is a form that can be filled out by students studying in the United States. FAFSA form should be filled out to apply for student financial aid. The government will later decide if you are eligible for FAFSA or not. Every student who is a participant of FAFSA program … Read more