FAFSA-About the FAFSA
FAFSA stands for “Free Application for Federal Student Aid.”
- The FAFSA is the central element in the federal student aid application process. The information that students and their parents provide on this form serves as the basis for determining their eligibility for federal student aid. This same form is often used to determine eligibility for state and institutional aid programs.
- All students applying for federal assistance must complete the Free Application for Federal Student Aid (FAFSA).
- There is no charge to apply for federal student financial assistance.
- Many schools also use the FAFSA to award their own financial aid.
- Many states also use the FAFSA to determine eligibility for state aid.
The FAFSA asks for:
- The student’s and his or her parents’ financial information, including annual income, taxes paid, untaxed income, current assets, and so on.
- Demographic information, including family size, number of students in college, and the student’s enrollment status.