The return to work, school, and normalcy following the holidays always brings with it a long list of tasks to be completed. For high school seniors and college students and their families, one of the most important items to be tackled immediately in the New Year is the FAFSA – Free Application for Federal Student Aid.
The FAFSA is an application that uses income, assets, and other factors to determine the amount students and their families are expected to contribute to college expenses. It is a vital step in finding out eligibility for financial aid, and getting the FAFSA completed on time is essential.
Most of the questions on the FAFSA are demographic-related, with the rest of the answers coming from past tax forms. The FAFSA can be completed online or in a paper format. For specific instructions on completing the FAFSA, visit this page at StudentAid.gov.
Once you complete the FAFSA application and it is processed by the U.S. Department of Education, you will receive a summary of your results. These results are used to determine your financial aid eligibility and to prepare financial aid packages for students.
Don’t let the FAFSA slip like so many other New Year’s Resolutions do. Complete yours online today to get your results and move the financial aid process forward!