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What is FAFSA?
What is FAFSA?
FAFSA stands for Free Application for Federal Student Aid.
The FAFSA determines student eligibility for need-based financial aid for college.
It can be in the form of grants, scholarships, or loans.
It helps students pay for college.
You can start filling out your FAFSA on October 1 at FAFSA.ed.gov.
You must apply for a PIN and receive it through email before starting your application at the link above.
Make sure you write this information down somewhere safe, you will need it more than once!
collegecovered.com is a great free resource for understanding the FAFSA.
Student Loans
Student Loans
Student loans are used to pay for the cost of college.
A loan is borrowed money that is repaid over the time. In addition to repaying the amount borrowed, most borrowers also have to pay a fee for borrowing, called interest.
To apply for federal student loans, file the FAFSA (Free Application for Federal Student Aid). The loans will be obtained through the college’s financial aid office.
Most students will need a creditworthy cosigner, as they have not had the opportunity to build up their credit yet. A cosigner is a co-borrower, equally responsible for repaying the debt.
If you need further information about student loans, click here.
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