Apply FAFSA online today before the deadline reaches!  There are federal and state deadlines and your colleges or schools may also have a deadline too!  Here, I will cover all about FAFSA program what you need to be qualified.

What is FAFSA?

Federal Student Aid, an office of the U.S. Department of Education, plays a central and essential role in America’s postsecondary education community. Our core mission is to ensure that all eligible individuals benefit from federal financial assistance—grants, loans and work-study programs—for education beyond high school. The Federal Student Aid team is passionately committed to making education beyond high school more attainable for all Americans, regardless of socioeconomic status. By championing access to postsecondary education, we uphold its value as a force for greater inclusion in American society and for the continued vitality of America as a nation.

What is FAFSA Eligibility Requirements?

  • US citizens and eligible non-citizens (permanent resident, asylum, etc.) are eligible to receive federal financial aid. International students typically are not eligible to receive federal aid. Students who are legal citizens/eligible non-citizens but whose parents are illegal immigrants may qualify for financial aid. These students will likely need the assistance of a financial aid officer.
  • Selective Service: Yes, that’s the draft. It is a requirement that males 18 years old or older be registered for the draft. No Selective Service registration equals no financial aid. Women are not required to register for the draft.
  • High School completion status: To qualify for federal student aid, you must have completed high school or an equivalent educational course.
  • Grade Level, Degree Pursued, First Bachelor’s Degree: Most non-loan federal financial aid for undergraduates is restricted to students pursuing their first degree. If you have already got one undergraduate degree and you are going for a second, you will qualify for substantially less federal financial aid. This does NOT apply to graduate students; that’s handled differently.
  • Highest level of education for parents: Highest level of education is important to determine eligibility for “First in the Family To College” type scholarships.

After the basic eligibility questions, you will be asked to choose which colleges and universities you would like to have your FAFSA results sent to.

How to Apply for FAFSA?

Here is a list of steps you need in order to apply for FAFSA

  1. Online Account Set Up – Go to FAFSA Online to create your FAFSA Account
  2. Get your PIN Number for your FAFSA Online Account
  3. Find the school code you would like to attend
  4. Fill out all of the demographic, Status, Financial Information including you and your parent tax information at your FAFSA Account.  * Don’t forget to use the previous year’s tax information!
  5. When you complete your application, you will get an initial estimate of your financial aid eligibility

What you need to prepare for your FAFSA?

What documentation and paperwork do you need to complete the FAFSA? We have a comprehensive list for you. In addition to gathering financial information, you will need to sign up for a FAFSA account and a FAFSA pin.
All financial information needs to be for the previous financial year. If you are planning to file the 2011-2012 FAFSA you will need documentation from tax year 2010 (January 1, 2010 – December 31, 2010).  Click here to Apply FAFSA Online

  • Your Social Security Number
  • Your driver’s license or state ID (if any)
  • Your W-2 Forms and other records of money earned
  • Your (and your spouse’s, if you’re married) 2010 Federal Income Tax Return – IRS Form 1040, 1040A, 1040EZ, 1040TeleFile, foreign tax return, or tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, or the Federated States of Micronesia
  • Your parents’ Federal Income Tax Return (if you are a dependent student)
  • Your untaxed income records – Social Security, Temporary Assistance to Needy Families, welfare, or veterans benefits records
  • Your current bank statements
  • Your current business and investment mortgage information, business and farm records, stock, bond, and other investment records
  • Your alien registration or permanent residence card (if you are not a U.S. citizen)

When is the FAFSA Application Deadline?

  • AK: AK Education Grant – April 15, 2011 (date received) AK Performance Scholarship – June 30, 2011 (date received)
  • AR  Academic Challenge – June 1, 2011 (date received) Workforce Grant – Contact the financial aid office. Higher Education Opportunity Grant – June 1, 2011 (date received)
  • CA  Initial awards – March 2, 2011 + * Additional community college awards – September 2, 2011 (date postmarked)CT  February 15, 2011 (date received) # *
  • DC  June 30, 2011 (date received by state) # *
  • DE  April 15, 2011 (date received)FL  May 15, 2011 (date processed)IA  July 1, 2011 (date received); earlier priority deadlines may exist for certain programs.
  • ID  Opportunity Grant – March 1, 2011 (date received) # *
  • IL  As soon as possible after January 1, 2011. Awards  made until funds are depleted.
  • IN  March 10, 2011 (date received)KS  April 1, 2011 (date received) # *
  • KY  As soon as possible after January 1, 2011. Awards  made until funds are depleted.LA June 30, 2012 (July 1, 2011 recommended)
  • MA  May 1, 2011 (date received) #
  • MD March 1, 2011 (date received)
  • ME May 1, 2011
  • MI March 1, 2011 (date received)
  • MN 30 days after term starts (date received)
  • MO  April 1, 2011 (date received) #
  • MS  MTAG and MESG Grants – September 15, 2011 (date  received) HELP Scholarship – March 31, 2011 (date received)MT March 1, 2011 (date received) #
  • ND  March 15, 2011 (date received) #
  • NH  May 1, 2011 (date received)NJ  2010-2011 Tuition Aid Grant recipients – June 1, 2011  (date received)All other applicants- October 1, 2011, fall & spring terms (date received)- March 1, 2012, spring term only (date received)NY  June 30, 2012 (date received) + *
  • OH  October 1, 2011 (date received)OK  March 15, 2011 (date received) #
  • OR OSAC Private Scholarships – March 1, 2011 (date received) Oregon Opportunity Grant – As soon as possible after January 1, 2011. Awards made until funds are depleted.
  • PA  All 2010-2011 State Grant recipients & all non- 2010-2011 State Grant recipients in degree programs  – May 1, 2011(date received) *All other applicants – August 1, 2011 (date received) *
  • RI  March 1, 2011 (date received) #
  • SC  Tuition Grants – June 30, 2011 (date received)
  • SC Commission on Higher Education – As soon as  possible after January 1, 2011. Awards made until  funds are depleted.
  • TN  State Grant – As soon as possible after January 1,  2011. Awards made until funds are depleted. State Lottery – September 1, 2011 (date received) #
  • WV  April 15, 2011 (date received) #

How to check my FAFSA Application Status?

You can check the status of your application at any time online at http://www.fafsa.ed.gov/FOTWWebApp/follow003.jspor by calling toll-free 1-800-433-3243.

How Much Aid will receive and when?

Using the information on your FAFSA and your EFC, the financial aid office at your college will determine the amount of aid you will receive. The colleges use your EFC to prepare a financial aid package to help you meet your financial need. Financial need is the difference between your EFC and your college’s cost of attendance (which can include living expenses), as determined by the college. If you or your family have unusual circumstances that should be taken into account, contact your college’s financial aid office. Some examples of unusual circumstances are: unusual medical or dental expenses or a large change in income from last year to this year.

Any financial aid you are eligible to receive will be paid to you through your college.Typically, your college will first use the aid to pay tuition, fees and room and board (if provided by the college). Any remaining aid is paid to you for your other educational expenses. If you are eligible for a Federal Pell Grant, you may receive it from only one college for the same period of enrollment