All families should complete the Free Application for Federal Student Aid, most commonly called the FAFSA. Schools use this form to award most types of financial aid, so visit fafsa.ed.gov after January 1 for the upcoming academic year. Family income and tax information are required, but estimates are acceptable. For more information, download the attached eBook, Your financial aid journey in 5 steps (PDF).
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Length of video: 2 minutes 24 seconds
Transcript: Educational Financial Services Financial Education Your Financial Journey in 5 Steps Step 1
Good morning, it's me, Mr. Fellows, your wiser college advisor. That's pretty cute actually, uh anyways.
I'm here to help break down financial aid into five easy to follow steps. That way, you'll be more informed about college financing options.
The first step of this journey begins with the FAFSA. And you darn tootin' better be fillin' out your FAFSA.
Regardless of your family's income, everyone should complete the FAFSA.
What is FAFSA you ask? FAFSA stands for: Free Application for Federal Student Aid.
And if you wish to receive federal financial aid most state and institutional aid will require filling out the FAFSA.
Now what's great about the FAFSA is that the schools you've been accepted to will put together a financial package for you.
Now, keep in mind that the FAFSA application will require family tax and income information from the previous year. So you will need your parents' or guardians' help. But, don't take it from me here's what my best friend Monty has to say.
Hello, Monty here to make sure you don't skip this step. Also, remember to look for free aid like scholarships, grants or federal student loans. Also, please feel free to join me for some pig crumpets and pig,
Didn't realize you guys were back on me.
Now remember students, the FAFSA will need to be completed each year that you're in school in order to be considered for financial aid.
Complete the FAFSA at: fafsa.ed.gov no earlier than January 1st for the upcoming academic year.
Also, if you would like an early estimate of what types of aid you might qualify for try the FAFSA forecaster at: www.fafsa4caster.ed.gov.
Well, that's it for today kids.
And don't forget, great knowledge comes from college.
Sign up for the CollegeSTEPS® program and get handy information throughout the year.