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What is FAFSA used for?

Brandon Scott

in Student Loans

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Mindee Nelson on April 27, 2018

To receive funds from the government of financial aid, including scholarships, loans and work-study programs, US college students are required to submit a FAFSA (Free Application for Federal Student Aid). Many institutions also require a FAFSA when students apply for help from the school itself. It is necessary to re-submit a FAFSA application each year a student wants help, as the amount of need is recalculated annually, often based on the change of factors such as the number of siblings also in college. A couple of weeks after submitting the FAFSA, students receive a letter that summarizes their financial data, detailing your eligibility for aid and expected family contribution. The government and the schools then use this information to decide on the amount of the grant.. For the source and more detailed information on this topic, click on the related links section (Answers.com indicated below this answer box.


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