Free Application for Federal Student Aid (FAFSA)

Applying for Federal Student Aid is free, that is why it is called Free Application for Federal Student Aid (FAFSA). It is also easy and can be completed quickly if steps are followed steadily. Applicants can choose from among three methods for filing an application for Federal Student Aid. They can Definitions Of Strategic Financial Management fill out an online application form, can choose to fill the form in the PDF format (which is required to be mailed), or a paper FAFSA can be requested by contacting the office through telephone. Although all methods work for the same end, it is recommended that you submit an online application.
To submit an online application, you should first login to the system with the basic information of the student that includes his or her name, date of birth, and social security number. Unless you are applying for the summer session, or do not know to which application to proceed, you are welcome to start applying right ahead. However, if the two conditions above are valid for you, you will need to check with your college before you proceed.
Once you proceed to the next step, you will be briefly informed on the process. The whole application process is composed of 7 steps: Student Demographics, School Selection, Dependency Status, Parent Demographics, Financial Information, Sign & Submit, and Confirmation. The application will not take more than an hour if you have the necessary information ready at hand. If you do not have this much time, you can fill out part of the form, and return back in 45 days to complete it.
In your application, you will need a number of documents, some of which are our your Social Security card, driver’s license if you have one, recent W-2 forms, recent Federal Income Tax Return, untaxed income records, current bank Personal Finance Beginner statements and bond and other investment records, and your alien registration or permanent resident card (if you are not a U.S. citizen). You will also require a Federal Student Aid PIN to finalize and sign your application.
In making your application, you should also stick to the deadlines. The deadline for the Free Application for Federal Student Aid change from state to state. However, it is not important if you have moved into a different state for purposes like schooling. What matters is your state of legal residence. Other than this issue, deadlines also vary according to the school year you are applying student aid for. Note that you will need to pay attention to multiple deadlines, which are the Federal Deadline, State Deadline and College Deadline. In some states, application commence as early as January 1, while others accept applications until the end of June. Therefore, you need to be careful with especially the deadlines set by your state of legal residency.

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