In order to recieve financial aid from the federal government who in turn gives it the colleges to hand out, you must fill out a FAFSA application. FAFSA stands for Free Application For Federal Student Aid.
Guide for federal student aid 2019-20.pdf
FAFSA
- Go www.studentaid.ed.gov/sa/fafsa/filling-out/fsaid to get your ID Number. You will need an ID number to complete FAFSA.
- Go to www.fafsa.ed.gov. Here you can start the application process.
- FAFSA = Expected family contribution.
- EFC
Parent contribution= Income + Assets
-Assets Equals *Cash/Savings/Checking Accounts*Investments*Business or Farm.
-Taxable income (from tax returns) *Adjusted Gross Income;*Interest/dividend
-Non -taxable income *non taxed Social Security;*Housing allowances;
*Payments to pension/401K plans
The following points comes from ecampustours.com, concerning things to look at for when filing your FAFSA.
- Keep your Federal Student Aid ID number in a secure place. Do not give it out to anyone.
- Never give personal information over the phone or Internet unless you made the contact.
- Avoid using websites that ask for credit card information when filling out the FAFSA.
HESC’s special FAFSA Assistance Hotline, 1-800-808-1790, offers live help for your students and their parents on Wednesday, Feb. 3 from 12 noon to 6:00 pm to answer any questions they have about completing the Free Application for Federal Student Aid (FAFSA).
The FAFSA Assistance Hotline is available on Tuesdays and Thursdays from 12 noon – 5:00 pm
Tell your students and their parents if they have questions about the FAFSA:
- Call the FAFSA Hotline: 1-800-808-1790 Wednesdays during February from 12 noon – 5:00 pm
- Email anytime at FAFSAhelp@HESC.org
Related Links
Help for first generation college students :
https://www.finaidfacts.org/scholarships/
