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FAFSA stands for Free Application for Federal Student Aid. FAFSA student financial aid is available to any citizen or eligible non-citizen with a high school diploma, enrolled in a degree-seeking program who has passed a drug conviction screening. If the applicant for the FAFSA Pell Grant or the FAFSA student loans does not have a high school diploma, an “ability to benefit” test is provided for the individual to determine eligibility. The official website FAFSA address is www.fafsa.ed.gov. Don't be fooled--many websites pretending to be the FAFSA will charge you to submit a financial aid application, but only go to the official FAFSA website above, where it is free to apply. Student FAFSA applications are divided into two categories. The first is the FAFSA student loans that are awarded, but must be paid back. They accrue interest, and there is usually a grace period of eight to nine months after you graduate before repayments start. The other category is the student Pell Grant. This aid is simply awarded to the individual and is not required to be paid back. The Pell Grant award is more needs-based, and uses a thorough screening process, determining the income and financial needs as well as the financial situation of the applicant. After filling out the financial aid application, the information is then turned over to the school
or institution to be handled between the student and administration. After the FAFSA student financial aid is awarded, or the FAFSA student loan
is granted, the individual must complete an acceptance process. For students
awarded Pell Grants, there is commonly a student loan that is offered as an option
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FAFSA
