Completing and submitting a Free Application for Federal Student Aid (FAFSA) is the single most important thing you can do to get assistance paying for college.
The U.S. Department of Education uses the FAFSA to determine students’ eligibility for federal student aid. Every year, the federal government awards about $150 billion in the form of grants, work-study funds, and low-interest loans to help millions of students pay for college.
Many state governments and colleges also use the FAFSA to determine eligibility for nonfederal aid.
Unfortunately, some students feel like they shouldn’t bother filling out a FAFSA because of some common myths. These include:
- “I (or my parents) make too much money, so I won’t qualify for aid.”
- “Only students with good grades get financial aid.”
- “I’m too old to get financial aid.”
- “The form is too hard to fill out.”
However, these concerns are usually unfounded. For more information, download “Myths About Financial Aid” at http://studentaid.ed.gov/sites/default/files/financial-aid-myths.pdf.