Everything You Need to Know About FAFSA Financial Aid

FAFSA is the acronym for “Free Application for Federal Student Aid.” It is a free application provided by the federal government that can qualify you for government-funded scholarships and grants.

To apply for this federal and state financial aid, you will need to complete the FAFSA application. Whether you apply online at www.fafsa.ed.gov or on paper, it’s FREE! However, it is strongly recommended that students apply on-line, as it is the "fastest and easiest way to apply for aid!"

Who is eligible to receive Federal Student Aid?

To be eligible to receive federal student aid, you must meet certain requirements. You must:

* Be a U.S. citizen or eligible noncitizen
* Have a valid Social Security number
* Have a high school diploma or a GED
* Be enrolled or accepted for enrollment at a college

Do I have to fill out a FAFSA every year?

Yes. Applications are available starting January 1st, both paper and electronic applications.

What is the difference between submitting an electronic FAFSA versus a paper FAFSA?

An electronic FAFSA is processed in two (2) to three (3) weeks, while the paper FAFSA takes four (4) to six (6) weeks to process.

How is the FAFSA used to determine my financial aid need?

The federal government uses data provided on the FAFSA to calculate a student’s Expected Family Contribution (EFC). The Financial Aid Office calculates a student’s Cost of Attendance (COA) which includes tuition, living expenses, miscellaneous fees, books, etc.

COA minus EFC equals a student’s financial need, which we then try to meet with federal grants, state grants, academic or talent scholarships, institutional grants, federal work study, and various loans.