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FAFSA - A Federal Student Loan

FAFSA - Do not miss the opportunity to apply for this federal student aid.

First, do you qualify?

  • You must be a U.S. citizen or eligible non-citizen
  • Have a valid Social Security number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau)
  • Comply with Selective Service registration, if required
  • Either have a high school diploma or a General Education Development (GED) Certificate. If you do not have these, you will need to pass an approved ability-to-benefit (ATB) test
  • Be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program at a school that participates in the federal student aid programs

In addition, to be eligible for FAFSA, you must not owe a refund on a federal grant or be in default on a federal student loan, and you must have financial need and not have certain drug convictions.

Check on these requirements as certain federal aid may have some exemptions.

You are going to need these documents before you fill out the FASFA form

  • Your Social Security Number
  • Your driver's license
  • Your 2006 W-2 Forms and any records showing monies you have earned
  • Your (and your spouse's, if you are married) 2006 Federal Income Tax Return - IRS Form 1040, 1040A, 1040EZ, foreign tax return, or tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia or Palau
  • Your parents' 2006 Federal Income Tax Return (if you are a dependent student - not necessary if you are not)
  • Your 2006 untaxed income records - Social Security, Temporary Assistance to Needy Families, welfare, or veterans benefits records
  • Your most recent bank statements
  • Your most recent business and investment mortgage information, business and farm records, stock, bond, and other investment records
  • Your alien registration number or permanent residence card (if you are not a U.S. citizen)

This video is a good one to watch before you begin . . .

Here is a worksheet to fill out before you begin filling out your FAFSA application online. Go through this first. FAFSA Worksheet

I am including a link here that will get you on your way. Do not fill out a form anywhere that requires a payment of any kind. It is free here.

Student Aid Report (SAR)

After you apply for federal student financial aid, you’ll get your FAFSA results in an e-mail report within a few days after your FAFSA has been processed or by mail in a few weeks.

This report is called a Student Aid Report or SAR. Your SAR details all the information you provided on your FAFSA. If there are no corrections or additional information you must provide, the SAR will contain your Expected Family Contribution (EFC), which is the number that’s used to determine your eligibility for federal student aid. Free FAFSA Application

Complete FAFSA Site

Back to Federal Student Loans


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