FAFSA PIN
FAFSA Basics
What you need to fill out the FAFSA?
Types of Financial Aid
After the FAFSA
100
Can you apply for a PIN before January 1st?
YES, you can apply anytime.
100
How much does filling out the FAFSA cost?
NOTHING. It's FREE.
100
What is the 4-digit number you'll need to electronically sign your FAFSA?
Your FAFSA PIN
100
What is a private loan?
Private loans for college are credit-based student loans that aren't backed by the federal government. Unlike the Stafford Loan for students and PLUS Loan for parents, private student loans aren't affiliated with the federal government, making it more like a traditional consumer loan.
100
How many schools can you send your FAFSA report to?
10 initially and can add more later
200
Why would your parent/guardian need to have a FAFSA PIN?
If they need to provide their financial information for the FAFSA.
200
What is the website to complete your FAFSA?
www.fafsa.gov
200
If you are a citizen of the United States, what 9-digit number will you need to have with you to fill out your FAFSA?
Your Social Security Number.
200
What is Work Study?
Work Study is a need-based financial aid award. It is not a grant (you must work to earn it), and it is not a loan (you don't have to repay it). Students must qualify for need-based financial aid to receive Work Study. Funds are limited, so not all qualifying students will receive an award.
200
What is the name of the report I will receive after I complete and submit the FAFSA?
The Student Aid Report (SAR)
300
What is the PIN used for?
To electronically sign your FAFSA and to acknowledge that all of the information is accurate and true to the best of your knowledge.
300
What are the three sections of the FAFSA?
Personal, Financial, and Parent
300
What is an alternative card that you must provide if you don't have a Social Security Number?
Your permanent residence card
300
What are two types of financial aid that do not have to be paid back?
Scholarships, Grants, or Work Study Wages
300
What will happen to my SAR if I initially estimated on my parent/guardian's income?
It will be adjusted to fit the new amount.
400
What is the website where you can apply for a FAFSA PIN?
www.pin.ed.gov
400
When should you complete your FAFSA?
Several answers are correct.
400
What are the "pay stubs" from a job called that will be needed to complete the FAFSA?
W-2 Forms
400
Can federal loans be forgiven? If so, how does that work?
Certain jobs can qualify you for loans to be forgiven. Check out www.studentaid.gov for specifics.
400
What will the colleges that I had my FAFSA sent to do after they receive my information?
IF you were accepted into the college, they will send you a Financial Award Letter telling you what Financial Aid they are willing to offer you.
500
What does PIN stand for?
Personal Identification Number
500
What does FAFSA stand for?
Free Application for Federal Student Aid
500
What information will you need from your parent or guardian to fill out the Financial Information section of the FAFSA?
Tax information
500
Do private or federal student loans tend to have a lower interest rate?
Federal Loans
500
What should I do after I receive all of my Financial Aid Award letters?
Compare your award letters, college preferences, etc. and when you have decided on which school to attend, notify the schools whether you accept or deny the Financial Aid offered.
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