Financial Aid Frequently Asked Questions:
What is FAFSA? FAFSA stands for the Free Application for Federal Student Aid. Seniors complete the application in order to eligible for federal grants, loans and work study. The FAFSA application opens online for seniors on October 1.
Who should complete FAFSA? ALL students planning to attend a 2-year or 4-year college program should submit the FAFSA. Even if you do not qualify for federal aid, universiites and colleges will use your FAFSA information to determine need-based financial aid that could be offered from the university/college or the state. Universities/Colleges cannot create a finanial aid package for you without the FAFSA informaton--regardless of whether you qualify for federal aid or not.
When can I apply for FAFSA? Seniors can apply for FAFSA beginning on October 1st of their senior year. Completing the FAFSA as early as possible increases your opportunity to secure the federal need-based financial aid for which you qualify. Money is distributed on a "first apply/first serve basis" so applying in October is recommended.