Studentaid.govcomplete-aid-processaccept-aidFederal Student Aid 2025

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Technically, no income is too high for the FAFSA. The U.S. Department of Education recommends filling out the FAFSA yearly, regardless of income. However because FAFSA is needs-based aid, those from lower-income families with a greater financial need get access to more financial aid.
You can check the status of your FAFSA form by logging in to your StudentAid.gov account and selecting your FAFSA submission from the My Activity section of your account Dashboard. After your form has been processed, you can make corrections online.
It typically takes 35 days to process a 202324 FAFSA form that was submitted electronically. The student can check the status of their FAFSA form immediately after submitting it online. The U.S. Department of Education processes a paper FAFSA form within 710 days from the date it was mailed.
Your student aid offer will include directions on accepting aid. Follow those directions carefully. You might have to enter the amounts youre accepting in an online form and then submit the form. If you receive a paper aid offer, you might have to sign it and mail it back to the school.
Methods of Disbursement Usually, a school will use the Pell funds to credit the students account for any unpaid charges for tuition and fees (and room and board, if provided by the school), and then will pay the remaining Pell funds (if any) to the student for remaining living expenses.
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If youre a first-year undergraduate student and a first-time borrower, you may have to wait 30 days after the first day of your enrollment period (semester, trimester, etc.) before your school is allowed to give you your loan money. Check with your school to see whether this rule applies.

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