FAFSA

What does the acronym FAFSA mean?

• Financial Application for Free Student Assistance

• Free Assistance for Fast Student Approval

• Free Application for Federal Student Aid

• Formal Application for Federal Student Assistance

Does it cost money to file the FAFSA?

• Yes

• Only if you fill it out after January 1st

• No

• Only if your college requires a fee

Filling out the FAFSA qualifies you for...(check all that apply)

• federal grants

• work study opportunities

• merit-based scholarships

• federal loans

• private loans

The FAFSA becomes available starting...

• January 1

• March 2

• 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)

• Tax information from parent(s)

• Parent and student FSA IDs

• 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 minus local scholarships you get

• Expected family contribution plus your personal contribution

• Cost of attendance minus expected family contribution

You file the FAFSA once over the course of your college career.

• True, you only file once.

• False, file every year.

Most need-based aid is awarded on a first-come, first-served basis so it is best to file the FAFSA as soon as possible.

• True

• False