Submitted by kevin.trulock on Thu, 03/19/2015 - 15:01
Free Application for Federal Student Aid (FAFSA)
What is the FAFSA?
- The Office of Federal Student Aid (OFSA) uses the information reported on the FAFSA to determine qualifications for grants, loans and work-study programs for students attending colleges, universities and/or career schools.
- States and postsecondary institutions use information reported on the FAFSA to award scholarships.
- FAFSA completion leads to a Student Aid Report (SAR), which lists the Expected Family Contribution (EFC). The EFC is the financial amount a student/family should be able to provide toward the student's cost of education.
- Questions or concerns about projected EFCs should be directed to the financial aid office of your postsecondary institution.
- Federal financial aid is issued directly to the postsecondary institution on your behalf.
- FAFSA forms and additional information can be accessed at https://fafsa.ed.gov.
How Do I complete the FAFSA?
- Complete the FAFSA (electronic or paper) after Jan. 1.
- Electronic filing/online access requires a PIN. To request/reset your PIN, visit https://fafsa.ed.gov/help.htm.
- Information to help you complete the FAFSA:
- Tax returns, W-2s, bank statements, investment records
- Financial information may be needed for parent(s)
- Federal codes for colleges you may attend (www.fafsa.gov)
- Submit FAFSA by the deadline (federal deadline is June 30; state deadlines vary)
- For assistance, go to https://fafsa.ed.gov/help.htm or call 800-433-3243
Scholarships
Overview
Every year, organizations award billions of dollars in scholarships and grants to students. According to the College Board, scholarships are usually based on specific qualities (e.g. merit or ability), while grants are usually based on financial need. Government organizations, colleges, and private organizations are common sources of scholarships and grants.
How Do I Apply?
- Complete the Free Application for Federal Student Aid (FAFSA)
- Research and apply for scholarships
What Are Some Tips and Best Practices?
- Start your search early
- Use a scholarship search engine (e.g. College Board Scholarship Search)
- Prepare and organize your information
- Apply for ALL the scholarships you are eligible for
- Follow the instructions and complete forms in their entirety
- Track your applications
- Be cautious and avoid scams
- Ask your school, professional associations, and civic organizations about opportunities
For More Information:
Headline:
Financial Aid and Scholarships
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