Lesson

FAFSA (Free Application for Federal Student Aid)

Watch the video above!

The federal government alone gives out more than 120 BILLION dollars in financial aid each year but you HAVE to fill out and submit the FAFSA if you want to qualify for, and get, any of that money!

It’s that time; time to get started on the FAFSA.  Although we’re going to go over the FAFSA in more detail during this lesson’s Topics (and you should definitely check out the video above), there are just a few things I want to stress right up front…

  • October 1st. Apply any time after that date.

    Submit the FAFSA as soon as possible after October 1st each year. Schools can run out of financial aid money so don’t miss out!

  • It's Simple

    As long as you have all of the documents and information you’ll need the FAFSA is simple, and pretty quick, to fill out.

  • NOT Always Based on Financial Need

    Financial aid isn’t given out just to students with financial need so fill out the form regardless of your family’s income.

  • Dependent vs. Independent Student

    The info you need to include on your FAFSA will depend on whether you’re considered a”dependent” or “independent” student.  You can find out for sure which you’ll be considered by clicking here. If you’re identified as a “dependent” student then a parent will have to supply their financial information on the FAFSA as well.

  • List 10 Schools

    You can list up to 10 schools and/or colleges on your FAFSA to receive your results; go back into your form later to change up any of the schools if you want.

  • You Need to Register 1st

    You and your parent (if you’re a dependent student) will each need to apply for a FSA ID; it might take a few days so apply for those before you’re ready to get started.

  • FAFSA is Free

    The FAFSA is always free to fill out so don’t fall for any scams that might say otherwise!

  • No FAFSA? No aid.

    You have to fill out the FAFSA to qualify for federal aid, but also oftentimes for state and school aid (and sometimes even private funding).

  • Help Available

    There’s lots of help (online, via chat, and by phone) if you get stuck or have any questions.

  • Apply Every Year

    You’ll need to submit a new FAFSA each year that you’re in school and want to qualify for aid.

  • FAFSA Myths

    Don’t fall for them! (see below…)

fafsa myths

Get started with the "Dependent or Independent Student?" Topic below!

Video Source: Federal Student Aid