Students and families, hear me: if you plan to attend college next year, apply for FASFA. FAFSA, also known as the Free Application for Federal Student Aid, allows colleges and universities to provide financial aid for college students. Financial aid means money! I want to share a few reasons why every student should apply for FASFA.
95% of Students Qualify
If your household income is less than $250,000 a year, you qualify for financial aid. Financial aid gives every person an opportunity to afford school. Colleges receive billions of dollars from the U.S. Department of Education. You can’t get your piece of the pie if you don’t apply! There’s no such thing as being too rich to receive funding for your education. Since less than five percent of people make more than $250,000 a year, I know you can get funding for school!
Don’t Leave Billions on the Table
When you complete the FASFA, you have the opportunity to receive scholarships, grants, work-study programs, and loans. We love the first two options because it’s free money! Work-study programs help you pay for school while gaining valuable career skills. Federal student loans have low interest rates. If you don’t want to leave FREE money on the table, you should apply!
Family Finances Change
In today’s society, family finances can change without warning. If a parent loses a job or someone gets sick in your family, you don’t want to worry about how you will pay for school. Applying for FAFSA is a crucial part of the college application process. Apply for the FASFA and see how much funding you receive from your college or university. If you need more money, you can always appeal for more aid. As long as you submit supplemental information or add new addendums, you can get more funding.