Free Application for Federal Student Aid (FAFSA)
The FAFSA is a MUST to complete. Within the FASFA you can apply for federal and state financial aid.
All loans and many grants will only be processed if you have completed the FAFSA.
*Keep in mind, The FAFSA will need to completed every year you are planning to be in school.
-The FAFSA opens on October 1-
- Creates a single sign-on process for most Federal Student Aid Systems
- Replaced the PIN.
Step 2: The following items will be needed to complete the FASFA
- Your tax return
- Your parent's tax return. May use estimates based on prior year to begin.
- Driver's License (needed for state aid)
- Social Security Benefit Statement (needed for state aid)
- Current bank statements, mortgage information, investments, and asset information
Key Components & Info Regarding The FAFSA
- Student Demographic Information
- Student Income / Assets
- Student Status Dependent / Independent
- Parent Demographics
- Family Size
- Number in College
- Parent(s) Income and Assets
- Federal Means-Tested Benefits (SSI, food stamps, free or reduced lunch, tanf, wic)
- College Choice
- Signature (FSA ID)
- Once Submitted use the link from the FAFSA confirmation page to the HESAA's website to respond to additional State aid questions.
The Expected Family Contribution (EFC) will be provided. EFC is determined by:
- Family income and assets.
- Allowances against income include FICA, state and federal taxes, income protection allowance, employment allowance, and an educational savings and asset protection allowance.
- Household size
- Number in college (excluding parents)
- Age of oldest parent
The US Department of Education has released the following guides to assist families in completing the FAFSA:
A parent's guide to completing the FAFSA
11 Common FAFSA Mistakes
Video Tutorial - Completing the FAFSA