The Office of the Federal Student Aid has the widest database of all available means of helping students finance their post-secondary degree. It has access to 9 federal aid and more than 600 state aid programs.
FAFSA, or the Free Application for Federal Student Aid is your ticket to that database. And that is why college-bound students are highly encouraged to complete their own FAFSA. Without which, you could never earn the chance to be eligible to many, if not most, available grants, scholarships and financial aid that exist.
It should be understood that this is not just for the needy, or the bright ones, it is for every post secondary student who wants to seek alternative ways of paying their tuition.
Free FAFSA Application and How Does it Help?
FAFSA application consists of almost 130 questions all directed towards the students’ assets, income and dependency. The answers to these questions will eventually determine your Expected Family Contribution or EFC.
The Expected Family Contribution is a measure how much you can afford to pay for your college tuition and other expenses. In laymen term, the lesser the EFC, the more financial aid you’ll be awarded..
Your EFC will be reported in your SAR or the Student Aid Report which you’ll later receive upon successful submission of your FAFSA. It is the SAR that will be forwarded to schools and be used to determine how much aid you’re entitled to.
Along with the questions regarding your financial status, a FAFSA also asks you to list at least 10 schools that you are interested in attending. Then, using all the data in your application, the school will calculate just how much you can afford out of your own pocket and determine the amount of aid you are eligible to receive.
FAFSA, YOU and Your Education
FAFSA offers equal opportunities to everyone who completes and submits their application. Whether you’re starting your degree or a single mother returning to school, your FAFSA can help you find the right aid. If you’re qualified, your credentials could even land you grant that need not be repaid.
College education need not be elusive or exclusive; with your FAFSA application, you will be able to complete your dream of a higher education at a lesser cost or even no cost at all.
And that is what FAFSA is all about. It’s a Free Application for Federal Student Aid and it is yours to complete without any unwanted benefits.