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Enter NowThe 2024-25 FAFSA® (Free Application for Federal Student Aid) will be available in December 2023.
The term FAFSA may spark visions of mountains of paperwork, but the application takes most families under 30 minutes to complete.
The time you’ll spend understanding and completing the Free Application for Federal Student Aid puts you in a position to reap financial rewards.
Just look at Middle Tennessee State University student Ari Johnson, who initially dismissed the application, then ended up securing $10,000 in grants, scholarships, and federal loans for her freshman year.
Unfortunately, it’s all too common to assume you won’t qualify for aid because of your family’s financial situation, background, or other personal circumstances and skip the application entirely. According to an analysis by NerdWallet, families who didn’t complete the FAFSA left a whopping $3.6 billion in free grant money on the table. As the old saying goes, you’ve got to be in it to win it.
Before you get to work on the FAFSA, you can find out how prepared you are by taking this quiz.
Do You Have the FAFSA Down?
How long before starting school must I complete the FAFSA?
My family’s income will determine whether I am eligible to file the FAFSA.
Which of the following will I NOT need while filling out the FAFSA?
How many colleges can I submit my FAFSA to?
I can’t complete the FAFSA without my parents’ financial information.
If I am a male between the ages of 18 and 25, I must register with the Selective Service System to complete the FAFSA.
I must file a FAFSA before seeking private loans.
After I file my FAFSA, how will my financial need be calculated by a school’s financial aid office?
The FAFSA only determines my eligibility for federal aid. For non-federal assistance, I must take alternative action.
Bottom line? The FAFSA could help alleviate some of the financial burden of college, and you should complete it every year you are in college because most people qualify for some aid. For more handy tips, check out our FAFSA assistant, which will give you guidance and tips to completing the application based on your individual situation.
FAFSA® is a registered trademark of the US Department of Education and is not affiliated with Discover® Student Loans.