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Also, keep the federal and college deadlines in mind as you renew or reapply for the FAFSA. If you miss a deadline, you risk not being eligible for financial aid for the upcoming academic year.
Parental income and assets are required with your FAFSA if you are a dependent student. Some schools may offer a dependency override that rules out any income from parents when you meet certain terms.
Filling out the Free Application for Federal Student Aid, or FAFSA, is one of the most important steps students and their families can take to pay for college. In recent years, some states have ...
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
The parents use these loans to pay for educational expenses on behalf of the student. For undergraduate students, there is the parent loan for undergraduate students or PLUS Loan. This loan allows parents to borrow up to the total cost of attendance, minus any other financial aid the student receives.
Applicants complete the FAFSA by providing their demographic and financial information and, in many cases, the demographic and financial information of their parents/guardians. In addition to this demographic and financial information, applicants can list up to ten schools to receive the results of the application once it is processed.