Frequently Asked Questions about FAFSA

What is the FAFSA?

• FAFSA stands for Free Application for Financial Assistance for Student Aid.
• Funding is provided to students who are in college, participating in a program, or both. Eligible colleges and universities are listed on the website.

Eligibility

To be eligible for financial aid, you must meet the following requirements:

• Be a U.S. citizen, national, or eligible non-citizen.
• Have a valid Social Security number.
• Meet the cost of attendance at your school.

Filing Status

There are two main filing statuses in FAFSA:

• First-time student: You have never attended college or been enrolled in a full-time program.
• Current student: You are currently attending college, but you did not attend full-time during the previous year.

Funding Options

There are two main funding options in FAFSA:

• Direct Deposit: You can choose to have direct deposit money directly into your bank account.
• Tuition Payment Plans: If you're unable to pay tuition, you may be able to set up a payment plan with the FAFSA.