top-5-fafsa-faqs-for-2016

What you need to know about FAFSA and Education Grants

If you are interested in understanding how to get access to education funding programs such as the Federal Pell Grant or other funding options helping youth get back to school, then you need to understand FAFSA.

Please keep in mind, I’m a major fan of the Federal Pell Grant program as it provides you with funding for school that you never have to repay.

So with that said, I always tell people that it’s in their best interest to complete their FAFSA form to see how much they may be eligible to apply for.

To start, FAFSA stands for the Free Application for Student Aid. What’s great about FAFSA is that they make it very convenient to complete. it can be done online, by telephone, or by paper.

After completing the FAFSA, students are presented with a Student Aid Report (SAR). The SAR provides a student with their potential eligibility for different types of financial aid, their Expected Family Contribution (EFC), and a summary of the data a student provided in the application.

Now remember, do not be discouraged if you EFC is low or zero, that is more than ok. FAFSA will help you apply for multiple education funding programs at one time giving you access to many different opportunities to help you reach your education goals.



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