The FAFSA form is a free application which can give you the wealth of scholarship. Each year more than 10 million students gets benefits from the state or federal financial aid. To apply, you must file the government FAFSA ( free application for federal student Aid). The FAFSA can determine your eligibility for all grants, college based scholarship, state grants, and federal aid packages. It can even determine your abilities to check whether you are qualifying on merit or need bases for scholarship.
The financial and personal information provided on the FAFSA can determine your eligibility. The FAFSA can tell you how much you should contribute for the college fee by evaluating your data, expected family contribution, and determining your ability to pay. The form is lengthy and complicated but it takes less effort if you fill it step by step. Don’t forget, the form is free to submit and there is no need to lose and invest anything.
Unfortunately, some students miss the scholarship opportunity because they fail to meet the due dates. Earlier applicants can get a lot of benefits of heavy grands. Try to be an earlier bird who can receive most possible financial aid benefits. Be organized and collect all the necessary financial records for your paperwork. You need all income and expenditure statements for the year to fill the form. You need to show all taxable and non-taxable income and expenses including child support and income tax.
You need to mention the net worth of your entire assets as of the date you are signing the form. Make sure that you and your family has paid all the bills before calculating the assets. The cash and saving account, worth of family business, and net worth of parents’ investment are included in the assets. Be accurate while completing the FAFSA because errors can cause to rejections. Putting of montly amount instead of yearly, checking the ovals, and writing in the margins are the common mistakes.
While completing the form you need to mention the applicant name, permanent address, e-mail address, date of birth, social security number, phone number, license number, marital status, and citizenship status. Secondly, applicant academic background is complusory thing to mention. Click the “No” option for drug offenses. You are unquified for the federal scholarship if you have a history of taking drug.
Finally sing and date the aplication and you have to sing the undertaking that federal financial aid will be use for educational purposes only.