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Applying for Financial Aid: Things You Should Know |
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What is the Free Application for Federal Student Aid (FAFSA)? |
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| FAFSA is a form used to determine eligibility for federal financial aid for pursuing post secondary education.This financial assistance includes but is not limited to scholarships, grants, work-study, and loans. |
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| Why should you apply? Choosing to apply for FAFSA allows a student an opportunity to potentially receive financial assistance for school from the federal and state government.Additionally, FAFSA is a noted prerequisite for the Parent PLUS and unsubsidized Stafford loans; these loans are not based on financial need. |
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Things to Note- Parental information is REQUIRED unless you are at least 24 years of age or an independent student as defined by FAFSA
- Reporting income and assets are REQUIRED for yourself and for your parents (if you are a dependent) or your spouse (if you are married)
- You must report income records for the prior academic year
- Only parents WITHOUT a Social Security Number can enter 000-00-0000 on the FAFSA
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| APPLY FOR FINANCIAL AID AS EARLY AS OCTOBER 1, 2016!! |
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What information is needed to apply?
- Client Registration Number (for non U.S. citizens)
- Social Security Number
- Records of income (i.e. earned from employment, child support, untaxed income, etc.)
- Information about assets (savings, stocks, bonds, certificated of deposit, investments, college savings programs, etc)
- Driver's License Number
- Date of Birth
- Martial Status (dates of changes in marital status, if any)
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Sources Fastweb. FAFSA: Step-by-Step. (2016). Retrieved from http://www.fastweb.com/nfs/fastweb/static/PDFs/bulletins/FAFSA_Step-by-Step_2015.pdf.
Federal Student Aid. Filling Out the FAFSA. (2016). Retrieved from https://studentaid.ed.gov/sa/fafsa/filling-out#documents.
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