What are 3 facts about the FAFSA?

9 Fast Facts about the FAFSA

• Financial support is widely available.
• You must apply to see if you qualify for federal aid.
• The FAFSA includes all types of federal student aid.
• You’ll need to gather specific information before starting the application.
• The FAFSA should take less than 30 minutes.

How much does it cost to file the FAFSA each year?

Completing the FAFSA form is free.

What should I know before completing the FAFSA?

7 Things You Must Know Before You File a FAFSA Application

• Educate yourself first.
• Always complete a FAFSA (even if you think you don’t need it)
• Be timely.
• Get your Federal Student Aid ID.
• Gather all the information you may need.
• Use estimates when necessary.
• Correct your FAFSA when necessary.

Why you should complete the FAFSA?

If you’re planning to attend college next year, here’s why you need to fill out the FAFSA: When students do not apply for FAFSA, many revert to private student loans, which often have high interest rates and lack the consumer protections that federal student loans include.

What are the benefits of FAFSA?

Benefits of Using FAFSA on the Web. Before starting the FAFSA, students and their families should gather some personal paperwork, tax forms and other financial documentation. A key benefit of using FAFSA on the Web is that the processing time is significantly reduced.

What is FAFSA and how does it work?

The main purpose of the FAFSA is to collect a student’s (and often his or her parents’) financial information to calculate something called the Estimated Family Contribution (EFC). The EFC is the amount that a family can reasonably afford to pay each year for higher education.

Why was my FAFSA rejected by my school?

You’re not making satisfactory academic progress at your school.