Debunking 3 common FAFSA myths
1. The FAFSA costs money
If you’re looking for the answer to “does the FAFSA cost money?” just know that it does not! The application is 100% free. That’s what the first “F” stands for.
2. My family makes too much money to qualify for aid
You’ll never know unless you apply! There are all sorts of different types of aid you could qualify for. The FAFSA is the gateway to more than $150 billion in grants for college, work-study funds, and federal loans, as well as certain state-based aid.
3. The FAFSA is only for college freshmen
The information you provide in the FAFSA, and the aid offered, is only valid for one school year. College students should apply for the FAFSA every year—and so should graduate students! Keep up to date on when to file the FAFSA on their site.
Start a conversation with your friends
Now that you know all about the FAFSA, spark a conversation about financial aid and normalize it among your peers. See what information your friends are knowledgeable about and teach them any tips you might know.
And remember to submit your FAFSA early! Financial aid is first-come, first-served. So it could pay off (literally) to get your application in quickly. The application opens as early as October 1.
Remind your friends to apply early, too. Even better, you can apply together.
I hope you can use these tips to ensure you and your friends get all the financial help possible to make college (and maybe even grad school!) happen.