Why Fill Out a FAFSA Form?

Posted on Monday, January 25, 2010
Category: Applying to College, Paying for College

Many people think that FAFSA forms should only be filled out by parents who are in the lower income bracket, and cannot otherwise afford to send their child to college. Think again!

FAFSA forms should be filled out by everyone applying to college, because you never know what aid might be available to you. Though there are certain eligibility requirements, you might be surprised that you meet them all.

You don’t have to be an academic superstar in order to win a merit-based scholarship; they are often granted to students with the help of FAFSA.

With recent tuition hikes, it’s important to fill out your FAFSA forms because every little bit helps! FAFSA partners with colleges, financial institutions and private organizations in order to help students and families pay for college.

FAFSA Functions

FAFSA performs the functions of (as specified on their website):

Educating students and families on the process of obtaining aid;
Processing millions of student financial aid applications each year;
Disbursing billions of dollars in aid funds to students through schools;
Enforcing financial aid rules and regulations;
Servicing millions of student loan accounts, and securing repayment from borrowers who have defaulted on their loans; and
Operating information technology systems and tools that manage billions in student aid dollars.

Many colleges require students to fill out FAFSA forms to be eligible for merit-based scholarships. There are countless stories relayed by surprised parents when they learn that their child has received financial assistance after filling out a FAFSA form. Be one of them!

Deadline

Whether you fill out a FAFSA form online or on paper, be sure to get it done on time! The deadline for FAFSA form submissions is usually March 1.

There’s absolutely nothing to lose when you fill out a FAFSA form, even if no money is granted to you, since there are no fees for applying. Fill out your FAFSA forms and see what financial aid becomes available to you!

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