What is FAFSA?
The FAFSA form (Free Application for Federal Student Aid) is used to determine your eligibility to receive need-based funds from the US Department of Education's Federal Student Aid Program. Colleges may make decisions on scholarships, grants, and loans from the FAFSA data as well.
The Office of Federal Student Aid provides more than $120 bilion in federal grants, loans , and work-study funds each year to students paying for college or career schools.
- Apply starting October 1st of your senior year of high school.
- Funds can run out, so apply as soon as possible.
- It's free to file, so watch for scams.
- FAFSA application deadlines vary by school, so be sure to check their deadlines.
- FAFSA application may be required for merit based scholarships.
- It is recommended that everyone complete the FAFSA--even if you don't think you'll be granted funds.