Federal Student Aid (FAFSA) is being used by most of the colleges in order to award their own financial aid funds. For most of the students completing and submitting a Free Application for FAFSA is the most important thing that they can do in order to get financial aid for college.
Generally, schools have their own individual FAFSA deadlines for applying for and awarding student aid. One can easily check with every college’s financial aid office for more information about the college’s financial aid application forms as well as deadlines.
Want to know more about FAFSA Federal Student Aid? Read the following article to the end in order to know whether FAFSA Federal Student Aid is the best choice for you or not. Here with the help of this article, we are going to review FAFSA Federal Student Aid. So, without wasting any time let’s get started….
What is the FAFSA?
The FAFSA is basically a free online application that has been used for financial aid eligibility for college. It is usually used by schools in order to put together your federal student aid package. This package can comprise of grants for college, work-study, federal student loans, and even state along with school financial aid.
Things to take note before applying for federal student aid
There are many things which one should surely take note before applying for federal student aid and those are as follows:
- You must understand completely about FAFSA is and also about its importance
- Categorize and gather the documents that you will need for applying
- You should double-check before submitting a FAFSA application
- Deadline is very crucial so you must find the FAFSA deadline and then add it to your calendar
- Apply for or locate your Federal Student Aid ID (FSA ID)
- Determine your dependency status
- Double-check every detail and information on your Student Aid Report
- Search and Learn about the schools you want to apply
- You must look up your federal school codes
- Correct the details if needed, update and verify
- Review and after that submit your application
How to Apply for Federal Student Aid?
In order to apply for federal student aid, one must follow these simple steps which are as follows:
To start the process, you must first create an FSA ID at FAFSA.gov. It is basically your personal code for submitting the FAFSA whenever you’re ready. Your FSA ID is going to give you access to FSA online systems along with this you can serve as your legal signature.
After that, you must submit your FAFSA as soon as possible. Federal student aid applications can be submitted beginning from October 1 at FAFSA.gov. Federal financial aid is given on a first-come, first-served basis, so you must know your deadlines as well as apply as early as possible in order to maximize your financial aid.
One must take note that every college and state financial aid deadlines vary state by state. Therefore, you must check your state’s financial aid deadlines.
Apply for the FAFSA once a year. You will also need to fill out the FAFSA every year that you are or else planning to be a student. The FAFSA is mainly used by schools in order to put together your financial aid package for one year of college.
FAFSA College Deadlines
Students must apply for FAFSA Federal Student Aid before the deadlines of the FAFSA. All the student must complete the FAFSA every year to be well-thought-out for government grants, employment as well as loans. In addition to that, the form is also used to apply for financial aid from the state government as well as most colleges.
While on the other hand, the federal deadline offers applicants 21 months in order to fill the form, through June 30 two years in advance, every college might have many prior deadlines, some as early as October.
Some additional colleges might also have less strict deadlines, but at the same time award their student aid funds on a first-come, first-served basis up to the money is gone. Also, the students who apply previously are more expected to get financial aid funds. Some types of aid, such as student loans, are also unlimited but at the same time are also a less attractive option.
There are more than 200 private colleges as well as universities that need a supplemental financial aid form which is known as the CSS Profile. The FAFSA is still used in order to apply for government aid, but on the other hand, CSS Profile form is used to award the own financial aid funds of the college. The CSS Profile has also being considered to be the same filing period as compared to the FAFSA, which also lets the applications to get submitted as early as October 1.
How to file the FAFSA?
In order to file your FAFSA, you have to first gather all the documents that you’ll need to reference. Then after that, you have to complete your application at FAFSA.gov.
Step 1: Gather all the information you’ll need such as your driver’s license and Social Security number, parents’ Social Security numbers and birthdates. In addition to that, your family’s latest federal income tax returns will also be required. Other additional details required are as follows: W-2 forms, Bank statements, family’s investments details (such as real estate, money market funds, stocks and so on)
Step 2: Bookmark the official site of FAFSA (FAFSA.gov), where you get your Federal Student Aid (FSA) ID. One must take note that there are many sites that would look similar to FAFSA official site but they are all scams, so make sure to visit at only FAFSA.gov.
Step 3: The last step is to submit your FAFSA3. One of the easiest and fastest ways is to file the FAFSA online or with the help of myStudentAid mobile app. For both the options, your FSA ID, username and password will be required. Your application will be then processed within 3 to 5 days. In the case of mailing in a paper application, the process will take about 7 to 10 days.
In this article, we have discussed many things about FAFSA Federal Student Aid such as how to apply, deadlines and many other important details. Hopefully, this information will be beneficial for you.