The FAFSA: 7 Facts You Need To Know
Many Smart Schools students go on to enroll in colleges and universities in the United States and around the world. The FAFSA, or The Free Application for Federal Student Aid is a key step in that process. Students who neglect to complete the FAFSA, or who complete the FAFSA late in the game are possibly leaving thousands of dollars on the table.
So what do you need to know? We’ve got Smart Schools guidance counselor, Angela Chicci, here to shed some light on the facts and myths of the FAFSA.
FAFSA Facts
Fact #1: The FAFSA is only for US citizens.
The FAFSA is only for US citizens, US nationals, and eligible non-citizens. Undocumented students are not eligible for federal financial aid.
Fact #2: The FAFSA is completely free!
FAFSA stands for “Free Application for Federal Student Aid” - free is in the title!
Fact #3: Apply early!
Although the FAFSA is open from October through June, the earlier you submit your FAFSA, the more likely you are to qualify for federal, state, and college-offered grants.
Fact #4: Filling out the FAFSA is fast
On average, it takes only 24 minutes to complete the FAFSA. Get your documents in order and apply!
Fact #5: The FAFSA requires specific documents
There are a few documents you should have with you in order to accurately and successfully complete the FAFSA. Be sure to review this list prior to beginning your application.
Fact #6: The FAFSA award grants, scholarships and loans
Once you receive your eligibility letter, you can select which combination of grants and loans you want to use to pay for your studies.
Fact #7: The FAFSA can also fund vocational schooling
Are you looking to pursue a trade? Often, the licensing and apprenticeship for these careers are shorter and cheaper than university degrees, but the FAFSA can still help with funding!
If you are planning to continue studying after earning your diploma, then regardless of what you plan to pursue, the FAFSA may be a good opportunity to contribute funds toward your next steps.