What is FAFSA?

FAFSA or Free Application for Federal Student Aid is a form that is filled, the request of students and parents for federal financial aid, grants, scholarships, student loans and work-study programs include. No addition to the Federal Government, schools, states and private financial institutions and the information from the FAFSA to determine a student's authorization for federal-aid.

Each year, the Department of Education issues a new FAFSA for the subsequentAcademic year. You can either use the online version of FAFSA or you can get a printed copy of the application form from the high school adviser. If you want to use the online version, you should apply for the Personal Identification Number (PIN). For this you would need your name, birth date, social security number and address can be entered. Once you receive your PIN, you can fill out the form and send it online or print it out and send it by mail.

While the printed versionFAFSA is the second week in October available, which is on-line version on 1 To reach January. Although the final deadline for submission of FAFSA is the 30th June, but you can submit the form either in the form as mentioned in the 2nd January. Most colleges and universities award financial aid on first come first serve basis. Therefore, to improve your chances of getting financial help, try to submit the FAFSA no later than March 1.

There are 102 questions in FAFSA, which are separated into sixSections. The primary goal of these questions is to retrieve your academic, personal and financial information. They would also be required to divulge your dependency status, schools you will receive your FAFSA results and your identification information. Right to fill in the FAFSA would be, you must have two copies of the previous year income tax returns.

Once you submit the FAFSA, the government will thoroughly examine it and then send a Student Aid Report (SAR). The SAR --usually contains a summary of your financial aid information and EFC (Expected Family) contribution. The universities listed to receive your FAFSA SAR also. When you apply for admission to these schools, you are asked to submit additional financial information. Then you lose your entitlement to grants are calculated, and then you are the type of financial package the university can award indicated.