Ahh, even before you take your first college exam, you’re expected to be able to pronounce this crazy acronym: FAFSA “Fa-f-sah”. While the federal and state governments aren’t the best at creating acronyms that roll off the tongue, they could help you save on tuition if you qualify. And that’s just what filing for FAFSA can do for you.
Let’s start with the basics. FAFSA stands for Free Application for Federal Student Aid. Hey, that word FREE sounds pretty cool, right? Yep, it won’t cost you a penny to fill out the FAFSA application. And the “Federal Student Aid” part simply means that qualifying students get money from the government! (I hope that got your attention)
So, rather than think of FAFSA as some nuisance of an application, think of it as a way you (or your parents) could save money on your Nossi College of Art’s (or any college’s) tuition. Let’s face it, higher education costs money. Between tuition, housing, food, books and extracurricular activities (food again), college costs can add up fast. And today, filing for FAFSA is your golden ticket to potentially access college savings. Here’s why you need to do it:
FIRST, filing for FAFSA is typically a requirement before accepting any state scholarship, grant money or additional financial aid.
SECOND, merit scholarships and institutional aid may only be offered once the FAFSA application is submitted.
THIRD, filing for FAFSA qualifies you for federal student loans with low interest rates. Lower interest rates mean you’ll be paying these loans off much sooner than most private student loans.
As you can see, there are a lot of entities who are willing to help you afford college. But before they come knocking, YOU must submit your FAFSA.
So, here’s the question all soon-to-be college students want to know…
Exactly How Much Money Will I Get?
$28,421. Okay, that’s a lie. How much money you will get from the government is a direct result of the information you include in your FAFSA application. That’s why it’s so important to complete this application with ALL of the correct information you can muster.
And it’s really just TWO steps! So, let’s get started.
Remember that scary acronym?
FSA is a part of it and stands for Federal Student Aid. That’s what you’re after! Before signing up for FAFSA, you must create your FSA ID. This unique username allows you to log into the Department of Education online systems so you can check your financial aid progress.
(BTW, if you already have your FSA ID, click here to skip ahead to Step Two. Go ahead, don’t be shy.)
Do you see a black ARROW (▶︎)? Those headlines can be clicked to get more details!
TO CREATE YOUR FSA ID, YOU WILL NEED TO INCLUDE:
- Your Social Security Number
- Your full name
- Your date of birth
Easy enough, right? Next, you’ll need a unique username and password.
1. Your FSA ID username will be used to log in for every process, so pick something easy to remember.
2. Your password should be something more complex since it guards your personal info. Choose a password with enough numbers, uppercase letters and lowercase letters.
With that information, you have your own FSA ID! (Don’t go bragging to your friends just yet. This is just step one.)
So, while the government loves to hand out money to newbie college students, there is only so much money to go around each year. To make sure you’re one of the FIRST in line, we recommend applying ASAP. You can apply beginning October 1 every year.
Are you currently a high school student or under the age of 24? If so, your parent(s) will need to help complete the application.
READY TO COMPLETE YOUR FAFSA?
Now you’re at the starting gate, ready to race to all that money? To fully complete your FAFSA application, you will need several pieces of information (yes, the government is picky), including:
- Your FSA ID – Remember Step One?
- You and your parent(s) income tax return and W2 – This helps the federal government better understand how much you and/or your parents made.
- All income earned – Even if you didn’t file a tax return, disclose all income (yes, even that two-week pizza delivery job)
- Bank account balance – Whoa, they want to know everything! Yep, pretty much.
- School Code for the college you want to attend – Hint: The school code for Nossi College of Art is 017347. After all, why would you consider anywhere else?
- Permanent Resident Card – This only applies to immigrants. This card is a unique seven, eight or nine-digit number assigned to all non-residents. It’s also called a USCIS number.
Want to make sure you have all your FAFSA ducks in a row? 👇👇👇
Have you already gathered this information? If so… 👇👇👇
Hint: The FAFSA School Code for Nossi College of Art is 017347
Now that you have created your FSA ID ( ✅) and submitted your FAFSA application for financial aid ( ✅), you simply look out your window each day and wait for a huge pile of cash to be dropped off at hour home. Okay, that’s not how this works at all. But, when you submit your FAFSA, you will get notified of just how much money you will get in financial aid for college. Exciting!
Of course, financial aid from state and federal governments is only ONE way to make college more affordable. In fact, we know of 7 Easy Ways to Make College More Affordable, and we can’t wait to share them all with you. Check them out below…