The Goals of Filing Your FAFSA
The basic goal of filing your FAFSA is to find out how you can pay for college. You might not necessarily get your entire tuition bill covered through your FAFSA filing. However, it’s important to note that most students can find ways to pay for even the most expensive universities after filing their FAFSA. You’re obviously going to want to pay your tuition bill through grants as much as possible. However, this is not the only possibility.
In addition to providing you with information about grants, your FAFSA can also provide you with information on work-study programs. Through these programs, you can become employed through your university. You’ll get paid for the work you do. You can use the money you earn to pay your tuition. You can also use your pay to cover your living expenses during college.
Another goal of your FAFSA filing is finding out about loans for which you are eligible. Even if you are not eligible for grants or work-study funding, you should be able to borrow the money you need. One great thing about college loans through your FAFSA is that you don’t need to meet credit history requirements. You can borrow money to pay for school even if you have poor credit.
FAFSA Deadlines for Filing and Submission
There are a few dates that you need to be aware of when it comes to your FAFSA filing. The deadline for FAFSA submission is by June 30. Another deadline you should consider is the priority deadline. The priority deadline for the FAFSA can vary depending on the year. Submitting by the priority deadline can make you eligible for more college funding.
The period during which you can submit your FAFSA can also vary by year. It’s important to stay posted on any updates regarding these dates. You can check out federal, college and state FAFSA deadlines here.
What You Need to Fill Out FAFSA Form
Filling out your FAFSA will be much easier if you compile all information you need beforehand. There’s a lot of information you have to provide to complete your form. One basic detail you need is your social security number. Those who are not citizens of the US but wish to study at an American university need to submit their alien registration number.
Income is a key detail when it comes to FAFSA submissions. You need to provide information on the income you’ve had in previous years. You also need to provide information on the income of your parents if you are still a dependent.
If you have any investments, you may need to provide details on these investments. Another important factor on your FAFSA is your savings. You may need to provide details of the amount of money you have in savings when you fill out your FAFSA.