Did you know one of the most important parts in determining how much money you'll get in financial aid is determined by how you answer the questions on your FAFSA (Free Application for Federal Student Aid) form?
Most parents and students screw-up when they complete the FAFSA and get much less financial aid than they are entitled to in two ways:
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not knowing what can be done before completing it to qualify for more financial aid |
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having their application rejected or delayed because of a small mistake. Approximately 1.5 million corrections are filed every year! |
example, a student may have savings in his or her name and need a car or computer for school. When the student buys the car or computer any time before completing FAFSA, less savings are reported on the FAFSA and you qualify for more financial aid and scholarships. There are many questions where understanding how to correctly complete your FAFSA is critical to your success in getting the most financial aid.
A family may own a house, have savings and investments, own a business or have parents that are divorced, separated or living apart. These are all situations where preparing in advance and understanding how the FAFSA formula works before completing it will be the difference in getting a lot of financial aid or just getting your form processed.
To determine your financial need and eligibility for financial aid, every college in the United States will require you to submit a new FAFSA every year you go to college.
While FAFSA is a very important part of the financial aid process, it is only one part of many things you must do correctly to get more scholarships.
