Each year, the U.S. Department of Education’s office of Federal Student Aid provides around $111 billion in federal student aid. But students may miss out. Our Fiscal Year 2022 Annual Report found that only about 63% of high school students submitted the Free Application for Federal Student Aid (FAFSA®) form between October 2021 and September 2022. So, let’s bust myths!
The Free Application for Federal Student Aid (FAFSA®) form is the student’s responsibility, but when a student is considered a dependent student for FAFSA purposes, parents have a large role in the application process. Educate yourself about the process and opportunities so you can provide the guidance your child needs to do their part.
So you’ve submitted your Free Application for Federal Student Aid (FAFSA®) form and applied to schools. How do you know what to look for when they send you financial aid offers? Understanding how to interpret what you’re committing to could save you future surprises, not to mention thousands of dollars in payments. Here’s what you need to know.
Understand the basics of scholarships and get tips on how to apply for them.
If you did not receive enough financial aid to cover your school expenses, there are other ways to pay for your education, if you know where to look.