FAFSA

(Federal Application for Student Aid)

Filing year: 2022-2023

Application opens: Oct 1st

Deadline to submit: Mar 2nd

Who is eligible to complete the FAFSA?:

  • US Citizen

  • Permanent Resident

  • Eligible Non Citizen

  • T Visa Holder

FAFSA Application

WHY SHOULD YOU COMPLETE THE FAFSA?!

Access over 120 Billion dollars in Financial Aid!

Most students qualify, yes they really do!

Aid is available for anyone with a household income below $250,000 a year

It’s Free!

It is literally in the title, FREE Application for Federal Student Aid

It is quick to complete!

It takes an average of 21-30 minutes to complete, seriously that is less than one episode of your favorite TV show (The Office for me)

It can be essential for some schools!

Most schools and private scholarships will require you to compete it


TYPES OF FEDERAL FINANCIAL AID

  • FEDERAL PELL GRANT : FOR UNDERGRADUATES WITH FINANCIAL NEED (GRANTS ARE NOT NEEDED TO BE PAID BACK)

MAX: UP TO $6,495 for one full school year (Amount factors include direct financial, school cost of attendance, )

  • FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT(FSEOG): FOR UNDERGRADUATES WITH EXCEPTIONAL FINANCIAL NEED MAX: UP TO $3,000

  • FEDERAL UNSUBSIDIZED & SUBSIDIZED LOANS: ONLY TAKE OUT IF NEEDED!!

SUBSIDIZED LOANS: UNDERGRADUATE LOANS OFFERED TO STUDENTS IN WHICH THE INTEREST ACCRUED IS PAID BY THE US DEPARTMENT OF EDUCATION WHILE STUDENT IS ENROLLED IN SCHOOL OR LOAN IS IN DEFERMENT

UNSUBSIDIZED LOANS: STUDENT IS RESPONSIBLE FOR ALL ACCRUED INTEREST FROM THE TIME FUNDS ARE RECEIVED (CURRENT INTEREST LOAN RATE AT 2.75%)

  • WORK-STUDY: A FEDERAL WORK PROGRAM ALLOWING STUDENTS THE ABILITY TO WORK (OFTEN ON CAMPUS TYPICALLY REVOLVING AROUND THE STUDENT'S COURSE OF STUDY) FOR WAGES THAT WILL BE PAID TO THE SCHOOL

**You must receive payment from your school at least once a month. You should be paid directly UNLESS you request for the funds to be direct deposited or directly used for payment towards your tuition, housing (if applicable) or student fees. The hours received cannot exceed the amount of the award given**

CREATE YOUR FSA ID (STUDENT/PARENT)

*Must have SSN's for student & AT LEAST ONE parent*

If parents do not have SSN's you will ONLY create the Student FSA ID*

(Undocumented students will fill out the California Dream Act Application )