By using your EFC, you can estimate about how much Pell Grant money you may be eligible for("Pell Grant Calculator"). Are there restrictions on what type of student can get the Pell Grant? The short answer is: yes. You can read more about eligibility criteria for the Pell Grant here (...
When you take out a student loan, such as a Stafford loan, you have to pay the full amount back with interest. Therefore, even though your FAFSA lists these loans as part of your “award,” it is never treated astaxable income.However, when you begin repaying these ...
Completing FAFSA if you have a nontraditional family Filling out the FAFSAwill look different depending on your family situation. It’s important tounderstand what information is required, based on your particular circumstance, to ensure that you get things right from the get-go. ...
So, what is FAFSA? TheFAFSAopens on December 31 for the 2024-2025 academic year and is a government form that helps determine your eligibility for federal aid. Schools and the government use the FAFSA to see how much financial support you could get to fund your education, such as federal ...
Can I receive scholarships and FAFSA®money? Many wonder if receiving scholarship money will impact their ability to receive federal financial aid that comes from filing the FAFSA®and vice versa, and the answer is maybe. Students must file the FAFSA®to access federal financial aid, but fe...
How much the FAFSA problems will impact the number ofstudents attending collegeremains to be seen, counselors and advisers say. But the delays certainly have changed where students enrolled, with many students forced to pick a college with limited information about their financial picture. ...
This is part of an effort to make the FAFSA easier to fill out and accessible to more students. And the FAFSA considers several other factors along with income, so even if you think your family makes “too much money” to qualify for aid, you should always apply. After ...
Filling out the FAFSA® can feel confusing, particularly if you have separated or divorced parents and aren’t sure how to fill out certain fields on the form.
Most families—regardless of how much they earn or have accumulated in assets—will find it useful to fill out the FAFSA. If it turns out that they are ineligible for free money in the form of grants or scholarships, they are still likely to be eligible for non-need-based aid in the ...
The Good Brigade / GettyImages Definition Higher education is a major financial undertaking, and financial aid is necessary for most students. The Free Application for Federal Student Aid (FAFSA) is the first step to creating a plan to pay for your or your child's education. The award letter...