Upon completing an application, you will be asked a variety of personal questions pertaining to your financial status as well as which school you plan on attending. If you provide all of the information and required signatures, you will receive your SAR. Your SAR will contain information such as your expected loan amount as well as your data release number. This information is essential to help determine how much Federal Aid money you are eligible for.
When filling out your application you will need some information from such items as your social security card, a driverâ€™s license and any W-2 forms from a previous year. The school you plan to attend will make the final decision on how much federal aid you are awarded per semester.
In order to receive Federal Student Aid there are a few requirements you must meet. A few of the criteria you must meet include being a United States Citizen with a valid social security number. You must also have your high school diploma or GED. Those that have been convicted of the sale or possession of any illegal substances while they actively receiving a federal loan or grant will have to fill out a separate form, finally you have to be eligible for aid or partially eligible for aid to receive any additional loans through school.
Completing the FASFA is a free and easy way to receive school funding if your family is in need of financial help. By gathering some basic information about you and your familyâ€™s income along with your tax returns and income statements and being prepared before you begin, you will have your FASFA completed in no time. Learn more at http://www.fafsa.ed.gov/
What's this I Hear About a Free Application for Federal Student Aid?
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About The Author
Michael Saunders has an MBA from the Stanford Graduate School of Business.
REDF, a San Francisco-based nonprofit, will receive a $7 Million grant from the federal Social Innovation Fund program.