The Free Application for Federal Student Aid (FAFSA) is an important step in the college admissions process. It helps families understand their eligibility for financial aid and secure aid for college. Knowing what is true and what is not true about FAFSA can help families ensure they are taking the right steps to secure financial aid for college.
What is FAFSA?
FAFSA is a free form that is used by the U.S. Department of Education to determine a student’s eligibility for federal financial aid. To complete the form, students and their families must provide information about their income and assets. The information provided is then used to calculate the Expected Family Contribution (EFC), which is used to determine the student’s eligibility for financial aid.
What is Not True About FAFSA?
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FAFSA is not required for all students: While FAFSA is an important step in the college admissions process, it is not required for all students. Students who do not qualify for federal financial aid may not need to complete the form.
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FAFSA is not only for low-income students: FAFSA is not only for low-income students. The form is used to determine a student’s eligibility for federal financial aid, regardless of their income level.
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FAFSA is not only for undergraduate students: FAFSA is not only for undergraduate students. The form can also be used to determine eligibility for financial aid for graduate and professional programs.
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FAFSA does not guarantee financial aid: FAFSA does not guarantee financial aid. The form is used to determine a student’s eligibility for federal financial aid, but it does not guarantee that the student will receive aid.
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FAFSA does not have to be completed every year: FAFSA does not have to be completed every year. Once a student has submitted a FAFSA form, they do not need to complete the form again unless their financial situation changes significantly.
Completing the FAFSA form is an important part of the college admissions process and can help students secure financial aid for college. Knowing what is true and what is not true about FAFSA can help families make sure they are taking the right steps to secure financial aid for college.
