Is FAFSA Free Or A Loan? Is the FAFSA a Loan or Free Money? The FAFSA application is not a loan. It is simply an application that you fill out in order to determine your eligibility for receiving a federal loan. There are three main types of financial aid that a student may be deemed
What Does Fafsa Mean In College? 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
What Is The Process For Applying For Financial Aid? Get Prepared. Gather the documents you’ll need. Complete FAFSA® Form. Apply early to maximize your aid. Review Student Aid Report. Make corrections, if necessary. Respond to Aid Offer. Accept the aid you want. Receive Aid. Get your aid from your school. Renew Your FAFSA® Form. Reapply