FAFSA

What Is FAFSA?

All students are expected to contribute towards the cost of their college education. How much you and your family will be expected to contribute depends on your financial situation—and is what is referred to as your Expected Family Contribution or EFC.

The Free Application for Federal Student Aid (FAFSA) is the form used by the U.S. Department of Education to determine your Expected Family Contribution (EFC) by conducting a “need analysis” based on financial information, such as income, assets and other household information, which you (and your parents if you are a dependent student) will be asked to provide. The form is submitted to, and processed by, a federal processor contracted by the U.S. Department of Education (ED), and the results are electronically transmitted to the financial aid offices of the schools that you list on your application.

FAFSA is the application used by nearly all colleges and universities to determine eligibility for federal, state, and college-sponsored financial aid, including grants, educational loans, and work-study programs.

FAFSA Eligibility

Nearly every student is eligible for some form of financial aid, including low-interest Federal Stafford and/or parent PLUS loans, regardless of income or circumstances, provided that you:

	are a U.S. citizen, a U.S. national or an eligible non-citizen;
	have a valid Social Security Number;
	have a high school diploma or GED;
	are registered with the U.S. Selective Service (if you are a male aged 18-25);
	complete a FAFSA promising to use any federal aid for educational purposes;
	do not owe refunds on any federal student grants;
	are not in default on any student loans; and
	have not been found guilty of the sale or possession of illegal drugs during a period in which federal aid was being received.

The following is a link to a tutorial on demonstrating how to complete your FAFSA in a quick and easy manner:

http://ucango2.org/FAFSA/index.htm