According to the New York Times, nearly 1.7 million high school seniors neglected to fill out the Free Application for Federal Student Aid (aka the FAFSA) during the 2020–2021 school year. Of those students, just under half would have likely qualified for a federal Pell Gran...
If you're like most students, chances are you need some financial help to finance your college education. The federal government provides various types of financial assistance to students if they file a Free Application for Federal Student Aid (FAFSA). Each type of financial ...
“The FAFSA does not consider the net worth of the family home or money in qualified retirement accounts to be reportable assets. So if you incorrectly include your retirement plan account as an investment, you can have a big impact on your EFC.” 4. Eligibility for need-based aid (which...
FAFSA Rollout Delayed Again The 2025-2026 federal student aid application will open to all students as late as Dec. 1, mirroring delays last year. Sarah WoodAug. 12, 2024 Net Price Calculator: What to Know A net price calculator can help estimate students' financial aid eligibility. ...
Colleges use the asset information from your FAFSA to calculate your financial aid eligibility. However, not all funds are treated equally.
Choosing a tax status can be harder than it looks, especially if you’re new to taxes or if you’ve had a recent life change, such as a divorce.
To begin the financial aid process, you will first complete theFree Application for Federal Student Aid (FAFSA). This will help you determine which grants and loans you qualify for. These includePell Grants, which are given to undergraduate students,Perkins loans, which are low-interest federal ...
First, a federal loan is funded by the government. To qualify, you mustcomplete and file the FAFSA. Federal loans generally come with better terms and benefits, such as fixed interest rates that are lower and income-driven repayment plans. If you meet the financial cri...
Applying for federal student loans To apply for a federal student loan, you must first fill out theFree Application for Federal Student Aid(FAFSA®).Deadlines to submit the FAFSA formusually fall at the end of June. But remember, financial aid is sometimes provided on a first-come, first-...
Sign the certification statement on the FAFSA® stating that you’re not in default on a federal student loan, don’t owe money on a federal student grant, and that you’ll only use your federal aid for educational purposes Show your qualified to obtain a college or career school education...