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It determines eligibility for federal need-based grants, including the Pell Grant and Federal Supplemental Educational Opportunity Grants (FSEOG); subsidized federal student loans, which are based on need; unsubsidized federal student loans, which most students qualify for regardless of need; federal work-study; state-
The most vital step in applying for federal grants, work-study, and loans for college is the Free Application for Federal Student Aid (FAFSA) form.
You must submit the Free Application for Federal Student Aid, also known as the FAFSA, to determine your familys eligibility for need-based financial aid. The information you include on the FAFSA is used to calculate your expected family contribution, which will factor into your award.
You will have to fill out the FAFSA form every year youre in school in order to stay eligible for federal student aid, including Pell Grant awards. Its important to understand the cost of attendance at your school of choice so that you can understand how much aid you might need.
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