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Completing the Free Application for Federal Student Aid (FAFSA) form is the first step to obtaining federal student aid to help pay for your college or career school.
How to pay for college: A 5 step guide to financial aid Step 1: Complete the FAFSA. Step 2: Apply for college scholarships. Step 3: Estimate and compare your total costs. Step 4: Determine if you need additional money. Step 5: Explore additional financing options.
Youve accomplished the most important tasksubmitting the Free Application for Federal Student Aid (FAFSA) form.
How Financial Aid Works Start Planning Early. Fill Out the FAFSA Form. Review Your Aid Offer. Get Your Aid. Graduate and Start Repayment.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
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Complete the FAFSA online at fafsa.gov. Make sure to fill out and submit the FAFSA each year you are in college. After you submit your FAFSA, youll receive your Student Aid Report (SAR). Your SAR summarizes the information in your FAFSA.
Step 1: Complete the FAFSA. Step 2: Review your Student Aid Report (SAR) Step 3: Compare your financial aid packages. Step 4: Maximize grants and scholarships before applying for student loans. Step 5: Consider federal and private student loans.
The amount of aid offered can range from zero to the full cost of attending college. It will be broken down into three categories: free money you dont have to pay back, earned money (via work-study or non-work study), and borrowed money (either from federal or private student loans).

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