The Free Application for Federal Student Aid (FAFSA) is the largest provider of financial aid, providing more than $120 billion in federal grants, loans, and work study funds. FAFSA is the FIRST STEP toward getting federal aid for college. The online application takes students line-by-line through the financial aid filing process. It is free, and most colleges use student FAFSA data to determine eligibility for state and school aid (including scholarships). FAFSA application opens on October 1st each year. You will need your parents' tax returns from 2016. There is also a link in the application called the IRS Data Retrieval Tool for parents that filed their taxes online. You can chat live online with a customer service representative if you need assistance and there is a step by step guide attached below. www.fafsa.ed.gov
WHY SHOULD I FILL OUT THE FAFSA FORM?
The short answer is because you will be missing out on free money for college!
We’ve heard a number of reasons students think they shouldn’t complete the FAFSA form. Here are a few:
- “I (or my parents) make too much money, so I won’t qualify for aid.”
- “Only students with good grades get financial aid.”
- “The FAFSA form is too hard to fill out.”
- “I’m too old to qualify for financial aid.”
If you think any of these statements apply to you, then you should read Myths About Financial Aid. The reality is, EVERYONE who's getting ready to go to college or career school should fill out the FAFSA form!