Archive for January, 2012

FAFSA: First Step to Take for Financial Aid

January 12, 2012

FAFSA, which stands for Free Application for Federal Student Aid, is an online form which determines which students are eligible for federal financial assistance. No one should be intimidated by the FAFSA form and everyone who feels they might qualify for federal, state, or institutional grants or loans should definitely apply.

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

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