Federal Student Aid (2024)

FAQs

Federal Student Aid? ›

Completing and submitting the FAFSA form is free and easier than ever, and it gives you access to federal student aid—the largest source of aid— to help you pay for college or career/trade school. In addition, many states and colleges use your FAFSA information to determine your eligibility for state and school aid.

Completing and submitting the FAFSA form is free and easier than ever, and it gives you access to federal student aid—the largest source of aid— to help you pay for college or career/trade school. In addition, many states and colleges use your FAFSA information to determine your eligibility for state and school aid.

The Free Application for Federal Student Aid (FAFSA) and CADAA are available to submit for the 2023-2024 Academic year. Apply Today! May 2, 2024 is the Priority Deadline for both the FAFSA and CADAA.

To see your aid, log in to your StudentAid.gov account using your account username and password (FSA ID). Learn more about possible reasons why your StudentAid.gov account is missing loan or grant info.

Apply for federal student aid—grants, work-study, and loans—using the Free Application for Federal Student Aid (FAFSA^®) form.

However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid.

There is no set income limit for eligibility to qualify for financial aid through. You'll need to fill out the FAFSA every year to see what you qualify for at your college. It's important to make sure you fill out the FAFSA as quickly as possible once it opens for the following school year.

Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

Federal Student Aid data shows that approximately 17.8 million FAFSAs were submitted during the 2020-21 application cycle. Over the last decade, the average grant aid per full-time undergraduate student has doubled, going from $5,190 in 2001 to $10,590 in 2021.

How to see how much FAFSA will give you? ›

Once your FAFSA form or correction has been processed, you can get a copy of your SAR by logging in to fafsa.gov using your FSA ID and selecting the “View SAR” option near the middle of the “My FAFSA” page.

FAFSA aid is calculated based on a number of factors. Broadly speaking, these include a student's Expected Family Contribution (EFC) and cost of attendance. A student's EFC is subtracted from their COA to determine the amount of need-based aid the student is eligible for.

Log in to StudentAid.gov using your FSA ID (account username and password) and select "My Aid” under your name. My Aid displays information on all federal loan and grant amounts, outstanding balances, loan statuses, and disbursem*nts.

The Free Application for Federal Student Aid (FAFSA) is a form you must complete to receive federal or state financial aid as a college student.

Unlike federal student loans, Pell Grants don't have to be paid back except under certain circ*mstances. Millions of Pell Grants are awarded each year to eligible undergraduate students who submit the Free Application for Federal Student Aid (FAFSA^®) form.

Eligibility Requirements. Our general eligibility requirements include that you have financial need for need-based aid, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at an eligible college or career/trade school.

Direct PLUS Loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required.