FAFSA: Free Application for Federal Student Aid
If you are looking for federal student aid, you need to complete Free Application for Federal Student Aid or FAFSA. Filling FAFSA is free and easy. By completing FAFSA, you can access one of the largest sources of financial aid for supporting your education in the US. FAFSA is used for calculating Expected Family Contribution (EFC). Your financial need is calculated by subtracting your EFC from your total cost of attendance.
FAFSA data is used for determining your eligibility criteria by private and state financial aid providers. If you think you don’t need FAFSA because your parents have lots or your academic progress is not too good, then you are wrong. The fact is everyone needs FAFSA.
How to complete FAFSA
To apply for FAFSA Register with official website www.fafsa.ed.gov
What happens after completing your FAFSA
FAFSA data reaches your school and the financial aid office of your school uses the information to calculate your federal student aid that you may receive from the school. You can check your FAFSA status online after 7-10 days of submission.
You will also receive a SAR (Student Aid Report) within three days to three weeks after submission. However, SAR will not tell you how much financial aid you will receive. The financial aid office at your college or career school will give you details on how and when your aid will be paid out. They also will tell you whether you need to fill out any more paperwork or meet other requirements.