Financial Aid for College: Everything You Need to Know About FAFSA

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Many families do not realize that it is time to apply for financial aid and scholarships. Most students are relieved to be done with college applications and the thought of filling out more forms is the last thing on their minds. Families will not receive financial aid if they do not ask for it. The FAFSA is the first step to ask for it. And now is the time to apply it.

FAFSA, which stands for Free Application for Federal Student Aid, is an online form that determines which students are eligible for federal financial aid. No one should be intimidated by the FAFSA form and everyone who believes that would be eligible for state or institutional grants or loans should definitely have.

apply for financial assistance is not as overwhelming as it used to be, but it does require time and accurate answers to allow the government to determine the Expected Family Contribution to your university will be. This is known as your EFC. The FAFSA form is filled out by parents of prospective and continuing students on an annual basis. There are 130 questions on the online form. They are both personally and financially.

Read the instructions carefully. The name of the Social Security card is the same name that you should use the FAFSA. Make all your corrections online. If the answer to you, it should not be empty.

Since financial aid is often given out on a first come, first served, it is important to fill the FAFSA form as soon as you can. The form for the 2012-13 school year was just made available online. The amount of financial aid a student receives is based on the previous year’s tax return. Each state and the college or university has a specific deadline for the FAFSA him. The federal deadline is June 30, but the state and school deadlines may be as early as February 15 Most college websites list the deadline for school.

Paying for college is one of the biggest concerns parents have today. Last year more than 80% of parents who had students who apply or return to college fill out the FAFSA form. You have nothing to lose by filling out a free form, and some families are pleasantly surprised that they qualify in fact at least some financial assistance. Every little bit helps.

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