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Tags: Fafsa View |
Tags: Fafsa View |
Tags: Fafsa View |
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financial aid po box esu edu Tags: Fafsa View |
Tags: Fafsa View |
Tags: Fafsa View |
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Free Application for Federal Student Aid (known as the FAFSA) is a form that can be prepared annually by current and prospective college students (both undergraduate and graduate) in the United States to determine their eligibility for student financial aid (including the Pell grants, and work-study programs).
Despite its name, the application is the gateway to be considered for not only for the 9 federal student aid programs, but also the 605 state and most of the institutional aid available. The U.S. Department of Education begins accepting the application beginning Jan. 1 of each year for the upcoming academic year. Each application period is 18-months, however most federal, state, and institutional aid is provided on a first come, first served basis. Students are advised to submit a FAFSA as early as possible for consideration for maximum financial assistance.
Applicants who have completed a FAFSA in previous years may submit a renewal FAFSA, but any information that has changed must be updated annually.
The FAFSA consists of numerous questions (at least 130 for the 2010-2011 academic year for example) regarding a students (and their familys) assets, income, and dependency. These are entered into a formula that determines the Expected Family Contribution (EFC). A number of factors are used in determining the EFC including the household size, income, number of students from household in college, and assets (not including retirement and 401(k) funds). This information is required because of the expectation that parents will contribute to their childs education, whether that is true or not.
The FAFSA does not have questions related to student or family race (Race (classification of human beings)), ethnicity, sexual orientation, disability, or religion.
A Student Aid Report (SAR), which is a summary of the FAFSA responses, is forwarded to the student. The student should review the SAR carefully for errors and make any corrections. An electronic version of the SAR (called an ISIR) is made available for downloading by the colleges/universities the student selects on the FAFSA. The ISIR is also sent to state agencies that award state need-based aid.
Some colleges also require the CSS Profile to be filled out as early as the same deadline as an early admissions or early decision application deadline. The CSS is a fee-based product of the College Board and usually concerns funds disbursed by a college rather than federal funds.