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Form FAFSA is used by students and families to report financial information that determines eligibility for federal and state student aid. The data submitted through this form helps schools calculate your Expected Family Contribution (EFC) and determine how much assistance you can receive.
Form FAFSA opens on October 1 every year for the upcoming academic year. It’s best to file as early as possible since some grants and state programs have limited funding.
Form FAFSA is the gateway to most types of financial aid in the U.S., including Pell Grants, federal loans, and work-study. Without completing it, you could miss opportunities for thousands of dollars in tuition support and scholarships.
Once submitted, your FAFSA information is processed by the U.S. Department of Education and shared with the listed schools. Each school uses it to determine your financial aid offer. You will receive a Student Aid Report (SAR) summarizing your application.
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