What is the Importance of the FAFSA?
The FAFSA or Free Application for Student Aid is a form that needs to be completed, so colleges can determine the portion of expenses that a student or family is expected to pay for college. The FAFSA also determines eligibility for financial aid and grants provided by the federal government or colleges.
Filling out the FAFSA is the an important step in discovering whether or not a student or family qualifies for free money for college that does not have to be repaid.
You or your family may not have to pay the full cost of college out-of-pocket or through higher interest loans. You may not have to pay to attend college period. Only by filling out the FAFSA will you know if you qualify for grants, work study programs or low interest college loans.