FinCap Friday: FAFSA Fast Facts

What is the chance that a FAFSA applicant will get some type of financial aid for college?

• 35%

• 55%

• 85%

• 100%

How much does it cost to file the FAFSA each year?

• $85.00

• It depends on your family's income

• It depends on what college you go to

• It's free

When does the FAFSA officially open each year?

• October 1

• October 15

• November 1

• November 15

Which people do NOT need to file a FAFSA?

• Adam, a senior in high school, is applying to community college.

• Sarah, a senior in college, is applying to grad school.

• Gina, a senior in college, is taking a gap year before joining the military.

• Yunior is a part-time student enrolling as a full-time student next year.

Why should you avoid giving your personal information over the phone if you didn't initiate the call?

• To protect yourself from getting too much aid

• To protect yourself from identity theft

• To ensure the public can access your information

• You can give your information over the phone without any concerns.

What is the primary purpose of the FAFSA?

• To apply for scholarships only

• To determine eligibility for federal student aid

• To secure a student loan automatically

• To enroll in college classes

Which of the following groups is generally NOT eligible to file a FAFSA?

• High school seniors

• Graduate students

• Non-degree seeking students

• Adult learners

What is a common mistake when filling out the FAFSA?

• Listing parents' income incorrectly

• Filing too early

• Forgetting to sign the application

• All of the above

How can students submit their FAFSA application?

• Only by mail

• Online, by mail, or through a mobile app

• Only in person at the financial aid office

• By email

What information is NOT required to complete the FAFSA?

• Social Security number

• College major

• Tax information

• Dependency status