WHAT IS FAFSA?
FAFSA stands for Free Application for Federal Student Aid. This form is used to determine the amount of money a family is expected to contribute to the price of attending a postsecondary institution. The results of the FAFSA are used in determining grant and loan amounts.
Federal Student Loan: A loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest.
Grant: Financial aid, often based on financial need, that does not need to be repaid (unless, for example, you withdraw from school and owe a refund).
WHAT DOCUMENTS DO I NEED TO COMPLETE THE FAFSA APPLICATION?
- Your Social Security number (it’s important that you enter it correctly on the FAFSA!)
- Your parents’ Social Security numbers if you are a dependent student
- Your driver’s license number, if you have one
- Your Alien Registration number, if you are not a U.S. citizen
- Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student:
- IRS 1040, 1040A, 1040EZ
- Foreign tax return and/or
- Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau
- Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents, if you are a dependent student
- Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate but not including the home in which you live; and business and farm assets for you, and for your parents if you are a dependent student
- Keep these records! You may need them again. Do not mail your records.
WILL PAST OFFENSES HINDER MY ELIGIBILITY FOR FEDERAL STUDENT AID?
Yes. If you are convicted of a drug-related offense after you submit the FAFSA, you might lose eligibility for federal student aid. Also, If you have been convicted of a forcible or nonforcible sexual offense, and you are subject to an involuntary civil commitment upon completion of a period of incarceration for that offense, you cannot receive a Federal Pell Grant.
Go to https://fafsa.ed.gov/ to fill out the FAFSA application.