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When can I apply for FAFSA 2023 24?

To be considered for federal student aid for the 202324 award year, you can complete a Free Application for Federal Student Aid (FAFSA) form between Oct. 1, 2022, and 11:59 p.m. Central time (CT) on June 30, 2024. Any FAFSA corrections or updates must be submitted by 11:59 p.m. CT on Sept.

Is FAFSA free money or a loan?

It is not the financial aid itself. However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid. There are three main types of financial aid.

What does FAFSA mean in college?

Before each year of college, apply for federal grants, work-study, and loans with the Free Application for Federal Student Aid (FAFSA) form. Your college uses your FAFSA data to determine your federal aid eligibility. Many states and colleges use FAFSA data to award their own aid.

Do you have to pay back FAFSA?

The type of aid you receive after filling out the FAFSA determines if you need to pay it back. Grants, scholarships, and work-study money dont need to be repaid but have finite funding limits. You will need to repay subsidized, unsubsidized, and Direct Plus Loans.

Who gets FAFSA money?

Our general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program at your college or career school. There are more eligibility requirements you must meet to qualify for federal student aid.

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