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What is a FAFSA?

posted Dec 3, 2015, 8:15 AM by Jeremy Hoback
The Free Application for Federal Student Aid (known as the FAFSA) is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. This form cannot be completed until January 1st.  This date will be changed in future years and will actually be earlier in the previous year.  More details will follow with this change at a later date.  In addition to demographic and financial information, applicants are asked to list up to ten schools to receive the results of the application once it is processed. A Student Aid Report (SAR), which shows the federal government's conclusions about the student's eligibility for Need-based financial aid, based on the FAFSA information, is forwarded to the student. It shows the Expected Family Contribution, based on the information on the FAFSA, and comments on which need-based aid the student is eligible for. 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 to the colleges/universities the student selects on the FAFSA. 

Click on the "FAFSA-Financial Aid" button on our page for more information and to start a FAFSA form.