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Randolph High School

FAFSA

Parents and Students should obtain a pin # in the fall of the senior year. Store the pin # in a secure place.

Apply for a Pin Number
Parents and students will need separate pin numbers.
Visit www.pin.ed.gov/PINWebApp/pinindex.jsp

The FAFSA Process
FAFSA- What is it?

The FAFSA, officially known as the Free Application for Federal Student Aid, is the form that families fill out to apply for federal grants, loans, and work-study funds for college students. It is administered by the U.S. Department of Education, which provides more than $150 billion in student aid each year. Federal Student Aid is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans, and work-study funds to students attending college or career school

Your eligibility for federal grants (which don’t have to be repaid) and federal loans (which do) will generally be based on your financial need, as determined by the information you supply on your FAFSA. You can get a preview of whether the FAFSA is likely to qualify you for federal grants by using the FAFSA4caster on the Department of Education website.

Even if the FAFSA4caster indicates that your family’s income and assets put you out of the range for grants, it’s still worth going ahead and completing the FAFSA. That’s because most colleges, state scholarship agencies, and foundations use the FAFSA in deciding who gets their scholarship money, as well as how much each student will receive. Also, filing a FAFSA automatically qualifies you for low-cost federal student loans of at least $5,500 a year.

What is needed to complete the FAFSA?

First, both parents AND students will need to apply for an FSA ID Number. This can be done at https://fsaid.ed.gov

Once both the student and parent have created their FSA ID Numbers, they can begin filling out the FAFSA.

Parents will need to have on hand their tax return that was filed from the previous year. Information from the federal income tax form will be used to calculate the amount of financial aid a student qualifies for.

Useful Links

https://studentaid.ed.gov/sa/fafsa/filling-out

https://studentaid.ed.gov/sa/sites/default/files/eligibility.png

FAFSA Changes 2016-17
See link below
https://studentaid.ed.gov/sa/about/announcements/fafsa-changes

Submit a Free Application for Federal Student Aid (FAFSA)
www.fafsa.ed.gov/