How Exactly Does the FAFSA Work? - College Raptor How Does FAFSA Work? Final Thoughts Understanding how the FAFSA works can help you plan your financial future while you’re in college It’s important to remember that even if you don’t think you qualify for anything or you didn’t receive any financial aid offers the previous years, you might be surprised!
How Does FAFSA Dependency Work? - College Raptor Filling out the FAFSA is the first step to getting financial aid for college This is not an easy form to fill out but it’s absolutely crucial that you do it Without the FAFSA you may lose out on certain types of financial aid One of the more complex questions on this application is related to your FAFSA dependency status
What Happens to My Financial Aid if I Decide to Transfer? - College Raptor Complete Your FAFSA No matter what you decide to do, you should always complete your FAFSA as soon as it becomes available on October 1st of each year You want to be sure you’re among the first to apply as college aid can and does run out for students The sooner you apply, the sooner you’ll be eligible for things like grants
What Counts As An “Asset” On The FAFSA? - College Raptor Assets you SHOULD include on the FAFSA According to StudentAid gov, these are assets you need to report on the FAFSA: Money in checking accounts, cash and savings accounts Real estate While FAFSA does not consider your parent’s primary residence as an asset, you need to declare the net worth of any additional property
How Financial Aid And Work Study Affect Each Other - College Raptor What Is Work-Study How Does It Work? Work-study is a need-based form of Financial Aid, the same as grants The difference between grants and work-study is that you have to work to earn an income through work-study The federal government typically offers the work-study option as a way to supplement low financial aid awards
A Step-By-Step FAFSA Question Guide - College Raptor The Free Application for Federal Student Aid—or FAFSA—is a form that determines a student’s financial need level, and opens the opportunity for federal scholarships, grants, work study programs, and student loans
Important Things to Know When Filing FAFSA for Grad School - College Raptor Submit your FAFSA form – Go through the application to make sure all information provided is correct, sign the application using your FSA ID, and click submit Deadline For Filing The FAFSA For Grad School The FAFSA application period opens on October 1 for the next academic year It closes on July 30 of the current year
What Are Financial Aid Refunds? - College Raptor After you submit your FAFSA, you will receive a financial aid award letter This letter gives you the breakdown of your financial aid package Once you accept the package, your loan servicer will transfer the loan amount to the college you are enrolled in
Where Exactly Does Financial Aid Come From? - College Raptor Gift Aid (scholarships and need-based grants) – This is money that does not need to be repaid Self-help Aid (loans and campus employment) – Students and or parents must do something for this money by either repaying it or working hours and getting paid a wage The federal government provided 69% of financial aid for the 2013-2014 academic
FAFSA: What Happens If My Financial Situations Changes? - College Raptor 1 Fill Out the FAFSA Even if your financial situation has changed in the past year, still submit the FAFSA You’ll need to complete it for the next steps It might be tempting to fib on the FAFSA, but always fill it out accurately Lying on this form can have serious consequences, including fines and jail time