This is a step-by-step guide to correctly complete the FAFSA.
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Every campus uses the same basic forms and rules to determine how much financial aid you will receive. They are regulated by the federal guidelines that congress developed and updates every five years. The objective is to determine how much you and your family can provide and how much aid is necessary that will enable you to attend college.
School cost (-) Estimated Family Contribution (=) Financial Need
The FAFSA is the Free Application for Federal Student Aid. When you see the FAFSA don’t panic. Even though it looks as complicated as the IRS 1040, it isn’t. The key to getting qualified is to send the FAFSA in as soon after January 1st of each year and be accurate. Late forms and incomplete forms will reduce your aid. It is critical to be the early bird that gets the aid.
The FAFSA Special Report will guide you step by step through the FAFSA form and offer tips to avoid errors and missed information. Each year’s edition will continue to guide you as you reapply and the forms change.