The Basics: FAFSA
March 21, 2012 1 Comment
What is it? FAFSA stands for Free Application for Federal Student Aid. After you fill it out, a Student Aid Report (SAR) is sent to applicable schools or aid organizations stating what you should be expected to contribute to your own college education.
Why fill it out? It will let you know if you qualify for some grants, scholarships, federal student aid (a.k.a loans – boo!), or work-study programs.
How do you apply? Submit it as early as January 1st of the year you need aid. Go here to find the various options for filing your FAFSA. But be careful; these papers don’t truly take every bit of your financial capability into consideration, so sometimes they can be a little skewed one way or another.
More to come on FAFSA.