What is the FAFSA? “The Free Application for Federal Student Aid (FAFSA) is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.”
Is the FAFSA a loan? No. The FAFSA is a federal application that determines your eligibility for financial aid programs offered through the government and through your state (Utah). After you have filed a complete FAFSA application, you may discover that you are eligible for grants, scholarships, work-study options, and student loans. But the FAFSA itself is not a loan.
Is the FAFSA required to be able to get financial aid? Yes, most major colleges and universities require you to file a FAFSA before they will determine your eligibility for Financial Aid. Your college will most likely ask that you complete one before applying for any of their scholarships. You will not be considered for any type aid until your FAFSA is complete– whether FAFSA says you qualify for government Financial Aid money or not. You have to do it anyway.
If I get federal money from filling out the FAFSA, do I have to accept it? Do I have to pay it back? While you don’t have to accept the money offered to you by the FAFSA, it would be foolish not to accept the free money since Federal grant money does not have to be paid back.
What kind of Grants can I get if I am eligible through the FAFSA? The most common grant for low-income students are Pell Grants. These grants range from $1 to over $5,500.
Ready to apply? Start your FAFSA now at https://fafsa.gov.
Make sure you watch your >> upcoming FAFSA deadlines! <<