FAFSA and its benefits

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					FAFSA and its benefits

In the current economy, prices are soaring and the prospect of a college education seems bleak. With
people scrambling to make ends meet, federal student financial aid provide some respite. It appears to be
the only feasible option to lessen the burden of college tuition. In this article we’re going to discuss the
FAFSA or Free Application for Federal Student Aid and how it will help determine your eligibility for
financial aid.

What is FAFSA?

FAFSA, created by the federal government, is an application process for those students who wish to
pursue higher education. This includes both civilians and well as people from the military. The application
includes a list of 102 questions and it takes about an hour to answer them. The questions relate to your
personal, financial,educational, and identification information, including family details. The answers you
provide help the government decide how much tuition you can be expected to pay.

The government might decide that you need extra finances to help meet the college costs and will help
you secure federal grants or loans at a considerably lower rate of interest. Schools and colleges listed in
your application are given a Student Aid Report (SAR) which containsan assessment of your financial
condition or the Expected Family Contribution (EFC). These schools and colleges can, in return, offer you
their own financial packages and scholarships. To find out how effective FAFSA has been in helping
students get financial aid, you should read student reviews.

Let’s take a look at California College San Diego. The federal government provides financial aid to
students at California College San Diego based on the results of the Student Aid Report (SAR).
California College San Diego student reviews speak of the students being pleased with the helpful and
accessible staff in all matters pertaining to loans, grants, scholarships and the like. Another California
College San Diego student review stated that the college helps students with FAFSA application and
provides information about the process on their website.

Eligibility

In order to be eligible for FAFSA, you:

    •   Should be a U.S. citizen. If you aren’t a U.S. citizen, you need to be an eligible non-citizen.
    •   Should have a high school diploma or GED.
    •
    •   Should be registered with the U.S. Selective Service, if you are a male student between the ages
        of 18-25.
    •
    •   Should have a valid social security number.

    •   While filling out a FAFSA application, should promise to use federal aid for education purposes
        only


    •   Should not owe refunds on any federal student aids.

    •   Should not be in default on any student loans

    •   Should not be convicted in possession of drugs.

    •
Benefits

    •   Lower interest rates on loans

    •   Longer payment options- Once you have been qualified for FAFSA and get a loan, you will most
        likely have a longer period to pay it off in.


    •   Eligible for other financial aid programs- After you have been qualified by FAFSA, you will not only

    •   Be able to secure money for college but you can also be eligible for other financial aid programs.


When should you complete the FAFSA?

You should complete the FAFSA before getting accepted into a college program. You should, however, be
sure to not apply too early because your application might get rejected and you will have to go through
the entire process again. Apply early enough to be considered for as many awards, scholarships and
different financial aid programs.

To sum it up, filling out a FAFSA form and submitting it will determine if you are eligible for federal as well
as non-federal financial aid, which could ultimately make your education that much more affordable.

				
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Description: In the current economy, prices are soaring and the prospect of a college education seems bleak. With people scrambling to make ends meet, federal student financial aid provide some respite. It appears to be the only feasible option to lessen the burden of college tuition. In this article we’re going to discuss the FAFSA or Free Application for Federal Student Aid and how it will help determine your eligibility for financial aid.