Free FAFSA Online Application | FAFSA application| FAFSA.ed.gov | Student Loan | PELL Grant

Free FAFSA Online Application FAFSA, the Free Application for Federal Student Aid is a form that must be filled out annually by university students (both undergraduate and graduate) and sometimes their parents in the United States to determine their eligibility for federal financial aid (including grants, loans, and work-study programs). In addition, most states and schools use information from the FAFSA to award non-federal aid.

The FREE FAFSA Online Application

consists of numerous questions regarding the student's finances, as well as those of his or her family; these are entered into a formula that determines the Expected Family Contribution. The amount of the EFC can vary widely, depending on a number of factors; for example, one such factor is whether a student has siblings in college at the time. This is needed to obtain a student loan.

Other entities, such as the specific college or state of the student, may also use some of these responses to determine if the student is eligible for school or state aid, in addition to federal aid.

A Student Aid Report (SAR), which includes a summary of the students financial aid formation and the EFC, is forwarded to the schools listed by the student as well as the student. These schools then use the SAR to determine what financial aid package (if any) to award the student. (Wikipedia)

What is a Federal Pell Grant?

A Federal Pell Grant, unlike a loan, does not have to be repaid.

Generally, Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree. (A professional degree is usually obtained after a bachelor’s degree in a field such as medicine, law, or dentistry.) In some cases, you might receive a Pell Grant for attending a post-baccalaureate teacher certificate program.

Federal Pell Grants are usually a foundation of financial aid, to which aid from other federal and nonfederal sources might be added.