What are the four types of financial aid you can apply for?
Pell Grant, Stafford Loans, Perkins Loans, The Federal Work
100
I dont think im eligible for FASFA, should i apply anyways?
Yes. Many families mistakenly think they don't qualify for aid and prevent themselves from receiving financial aid by failing to apply for it.
100
Does it matter what religion i am when applying for FAFSA?
No, the FAFSA does not have questions related to student or family race, ethnicity, sexual orientation, disability, or religion.
100
True or False: There is only one main source for federal financial aid.
False, there are two. National and State
100
What is FAFSA?
The form used to collect information about family income and assets, and to determine how much federal and state financial support an individual is eligible to receive. This is the first step in applying for financial aid
200
When should i apply for FAFSA?
As early as possible in January or February, once you know your financial income from either you or your parents.
200
Are you eligible to apply for FAFSA every year?
Yes, just make sure you remember your FAFSA pin
200
What if i have a non-traditional family?
File your FAFSA as best as you can, using estimates and what paperwork you have available.
200
True or False: You should apply for FAFSA spring semester of senior year.
True
200
What's the difference between a paper FAFSA and a FAFSA on the Web?
Electronic filing is faster than filing a paper FAFSA. The process may be as much as 7-14 days, faster if you use a PIN to electronically sign the application as soon as you complete the FAFSA.
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How long is the FAFSA process?
The FAFSA financial aid process can take anywhere from a few weeks to two months, depending on when you apply.
300
Name at least two things you need to be eligible for FAFSA
1. Completion of high school (GED)
2. U.S citizenship or eligible non-citizenship
3. 18 years or older
4. be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program
300
Name some of the expected family contributions for FAFSA
Your family's taxed and un-taxed income, assets, and benefits (unemployment or social security)
300
True or False: TAP is a program that everyone is eligible for if they file the FAFSA.
False
300
What is required to be submitted after FAFSA?
Supplemental Form and Loan Request Form(s)
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What is the time when the FAFSA should be submitted?
At the point of inquiry or when the admissions application is submitted
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How much Financial aid are you eligible to receive?
Depends on your expected family contribution, your year in school, enrollment status, and cost of attendance at the school you plan on attending.
400
What if my parents are divorced, remarried or widowed? Who's financial aid information do i include on my application?
Divorced/seperated: custodial parent information
Widowed: present or remarried family member
Remarried: both parents
400
True or False: A student who lives with their aunt all year and is 100% supported by that person is still a dependent student.
Why can't I submit my financial aid application before January 1?
The need analysis process for financial aid uses the family's income and tax information from the most recent tax year (the base year) to judge your eligibility for need-based financial aid during the upcoming academic year (the award year). Base year ends dec. 31st
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What If you have lost federal student aid eligibility due to a drug conviction?
You can regain eligibility if you pass two unannounced drug tests conducted by a drug rehabilitation program that complies with criteria established by the U.S. Department of Education.
500
What if my parents do not want to submit their information for FAFSA?
The student is eligible for an unsubsidized loan, but only up to the amount he/she would have been eligible for as a dependent student.
500
True or False: FAFSA stands for Federal Applications For Student Aid
False. FAFSA stands for the Free Application for Federal Student Aid
500
What is the IRS Data Retrieval Tool?
This tool will allow FAFSA applicants to request and retrieve their income and tax data from the IRS.