How Does the FAFSA Work?
Every year the U.
S.
federal government provides billions of dollars of financial aid to qualified
undergraduate and graduate students in the form of grants, scholarships, loans,and work-study jobs.
The
U.
S.
Department of...
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How Does the FAFSA Work?
Every year the U.
S.
federal government provides billions of dollars of financial aid to qualified
undergraduate and graduate students in the form of grants, scholarships, loans,and work-study jobs.
The
U.
S.
Department of Education overlooks the management of these funds and they are dispersed through
individual educational institutions.
To receive federal financial aid from the government, a student must first fill out and submit the Free
Application for Federal Student Aid (FAFSA), which can be doneonline through FAFSA on the Web.
Financial aid is provided to students on a first come, first served basis, so the sooner you apply, the
greater your chances of securing maximum financial aid if you are eligible.
What does the FAFSA help to decide?
You should try to fill out the FAFSA as close to January 1 as possible.
The FAFSA aims to determine a
student’s and family’s Estimated Family Contribution (EFC).
The EFC is the amount of money a family
can be exp
Less
