5 Reasons You Should Fill Out the Free Application for Federal Student Aid

On SchoolGrantsBlog, we’ve talked a LOT about the importance of filling out the FAFSA (Free Application for Federal Student Aid), mostly because it is the “gateway” application to the main federal grants (although some states use the data from the FAFSA to determine eligibility for their grants as well).

In that spirit, here’s an article we found the other day which you really should read, if you’re dragging your feet…

1. It’s the only way to gain access to the more than $150 billion available in federal student aid.

Completing the FAFSA is the first step toward getting federal aid for college, career school, or graduate school. Federal Student Aid provides more than $150 billion in grants, loans, and work-study funds each year, but you have to complete the FAFSA to see if you can get any of that money. Not to mention, many states, schools and scholarships also use the FAFSA to award financial aid, so every college-bound student should complete it.

2. It’s FREE!

The FAFSA is free to complete and there is help provided throughout the application. Several websites offer help filing the FAFSA for a fee. These sites are not endorsed by the U.S. Department of Education. We urge you not to pay these sites for assistance that you can get for free at the official FAFSA website: www.fafsa.gov.

3. It’s easier than ever.

We’ve done a lot over the past few years to simplify the FAFSA. One of the most exciting enhancements has been the launch of the IRS Data Retrieval Tool. The tool allows students and parents to access the IRS tax return information needed to complete the FAFSA, and transfer the data directly into their FAFSA from the IRS Web site, saving lots of time. This year, the IRS Data Retrieval Tool will launch in early February, so be on the lookout for that.

4. It only takes about 30 minutes to complete.

Given all the simplifications we’ve made over the last couple of years, the FAFSA now only takes about 30 minutes to complete. That’s probably less time than you spend watching your favorite TV show each week. And think of the benefits: spend 30 minutes completing the application and you could qualify for thousands of dollars in financial aid. Talk about return on investment nicepaydayloans.

Read more at: http://www.ed.gov/blog/2013/01/5-reasons-you-should-complete-the-free-application-for-federal-student-aid-fafsa/

 What more do you need – get that application filed today!

 

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