Saturday, November 3, 2012

FAFSA

"WHAT IS FAFSA - FREE APPLICATION FOR FEDERAL STUDENT AID?"
After the college applications go out, it is time to fill out the Free Application for Federal Student Aid (FAFSA). The Free Application for Federal Student Aid (FAFSA) is the primary application for need-based financial aid. Colleges use your FAFSA results to allocate the majority of their financial aid.

Filing the FAFSA to help finance your college education should be your first financial move towards college, no matter who you are, where you are attending school, and whether you are a traditional or non-traditional student. In addition to eligibility for federal aid, many states and individual schools determine non-federal aid eligibility with the FAFSA as well.

The FAFSA website provides a list of documents you should have on hand when you fill out the FAFSA. Most important, you will need yours and your parents’ income tax information from the previous two years. If you file online and your tax returns are submitted, you will have the option to transfer your IRS tax information into your FAFSA.

After filling out the FAFSA, you will be notified of your 'Expected Family Contribution' towards your college education, or the amount of money to be considered your family's responsibility to pay towards your college education.

For More Information ON FAFSA,

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