Financial Aid Applications

Written by Seth Cotterell
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In order to receive financial aid from the United States government and other providers, you will need to fill out applications. Private businesses and organizations that provide their own scholarships, grants, and loans will all have their own applications to be completed and their own deadlines that must be adhered to.

If the source of your financial aid is the federal government, you will need to fill out what is normally referred to as the FAFSA. The FAFSA is the Free Application for Federal Student Aid. The FAFSA is used to verify your personal information as well as document your financial situation. This determines your eligibility for need-based aid like grants and some student loans.

Financial Aid Application Processing

It is important to fill out the FAFSA as early as possible. During peak times, application processing can take weeks and your money may be slow in arriving. Universities and the government can also ask for verification of information received. If you are selected for this, you will need to send copies of all financial documents including W-2s and tax returns to the government for verification. This can further delay the process.

Even if there are no changes in your financial situation, you must fill out a new FAFSA every year. Failure to do so means that you will not receive financial aid from the government that term. If you have questions about financial aid applications, you can ask your school's financial aid office. Another great source of information are websites devoted to helping students locate financial aid. There are some great sites out there that have years of experience locating financial aid for students.

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