FAFSA (Free Application for Federal Student Aid)

As you invest in your future by pursuing a college education, you should not miss out on the opportunity for federal financial aid. The first step in obtaining federally funded financial assistance is by completing and submitting a form: the Free Application for Federal Student Aid, also known as the FAFSA.

Apply Early

It is important to know your school’s deadline for FAFSA applications since that date is often firm, with few exceptions. However, it is strongly suggested that you submit your application sooner than later since the demand for the government funds is great and goes quickly.

What You Should Know About FAFSA

First, although you can fill out a FAFSA on paper or online, online is the quicker option. Second, it is your responsibility to fill out a FAFSA form at the beginning of each academic year. Also, the FAFSA determines what is called your Expected Family Contribution or EFC. The EFC represents your share of your education costs. You will be assigned a FAFSA Personal Identification Number that you will use for each year that you apply for student aid.

Requirements for FAFSA

If you are going to submit your FAFSA form online, you will need a Personal Identification Number or P.I.N. issued by the U.S. Department of Education. Parents that claim their child as a dependent must also have a P.I.N. The FAFSA asks for your Social Security number and, if you are a dependent, your parent’s Social Security number. Several documents will be required including W-2 forms from the previous year plus a driver’s license, bank statements and other business records. If you are not a United States citizen, you will need to provide your alien registration number to complete your FAFSA.