FAFSA

What does the acronym FAFSA mean?

• Financial Application for Free Student Assistance

• Free Application for Federal Student Aid

• Free Assistance for Fast Student Approval

• Formal Application for Federal Student Assistance

Does it cost money to file the FAFSA?

• Yes

• No

• Only if you fill it out after January 1st

• Only if your college requires a fee

The FAFSA becomes available starting...

• January 1

• December 31

• May 1

• October 1

Which one of these things do you NOT need to fill out the FAFSA?

• Birth certificate (or proof of U.S. citizenship)

• Parent and student FSA IDs

• Tax information from parent(s)

• Your Social Security Number

True or False? Males between the ages of 18-25 must be registered for the Selective Service (draft) in order to complete the FAFSA.

• True

• False

True or False? The FAFSA will only help you get federal financial aid, not state or college-based financial aid.

• True

• False

The formula colleges use to determine your financial aid package is:

• Cost of attendance minus local scholarships you get

• Expected family contribution plus your personal contribution

• Expected family contribution minus local scholarships you get

• Cost of attendance minus expected family contribution

If your parents live together, you...

• Include them both on FAFSA

• Include them both on FAFSA only if they are living together AND married

• Include only the parent who makes more money

• Include only the parent who you prefer

If your parents are divorced and do not live together...

• You must report the information for them both in every circumstance

• You must only report the information for the parent who either financially supports you the most or who you live with the most

• You cannot apply for FAFSA

• You do not have to report any parent information

If the parent you live with has remarried, and this person lives in your home...

• You include the stepparent's tax information on your FAFSA

• You do not include the stepparent's tax information on your FAFSA

• You only include the stepparent on your FAFSA if your parent does not have a social security number

• You lie and say your parent has not remarried to get an EFC closer to 0