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The Free Application for Federal Student Aid is what students use to apply for loans, grants, and work-study. Work-study are jobs that are exclusive to students who receive work-study and are meant to help students earn money to pay for college. Once you file FAFSA, your college will use your FAFSA to determine your federal aid eligibility. Many colleges use FAFSA to determine how much aid they will provide their students.
FAFSA Walkthrough
Once you submit your FAFSA, you have to make sure it was processed.
The status of your application will be one of the following:
Processing: Your application is still processing. It typically takes three to five days, plus one additional business day to be made available to the schools you listed on the form.
Processed Successfully: Your application was processed successfully. No further action is needed.
Missing Signatures: Your application is missing the required signature(s).
Action Required: Your application requires further action. Contact your school to resolve the issue.
To learn more about what you need to fill out the FAFSA click here:
Once you submit the FAFSA, you will see your Student Aid Report (SAR). SAR contains the information you reported in the FAFSA and shows the Expected Family Contribution (EFC). It also shows your estimated eligibility for federal student loans and Federal Pell Grants.
Verification is when a school selects a student to verify that they put the correct information when filling out the FAFSA. If selected, the school will usually require you to fill out a form and hand in documentation (ex: tax transcript from the IRS or your parent’s 1040 and/or a “non-filing transcript” for yourself).
How to know if you were selected:
Check your email
Check your college’s portal holds and to-do list
Check your SAR on FAFSA
If you don't complete verification, you will have holds and/or to-dos and you might not receive financial aid.
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