It's time for college-bound seniors to complete the Free Application for Federal Student Aid (FAFSA)
High school seniors who plan to attend college or technical school in fall 2020 should fill out the Free Application for Federal Student Aid, also called the FAFSA, as soon as possible after Oct. 1, according to the Kentucky Higher Education Assistance Authority (KHEAA). The information on the FAFSA determines if students qualify for federal grants and student loans. It is also required to apply for state grants and scholarships. In addition, many colleges use the information to award their own grants and scholarships.
The FAFSA asks for information about income, assets, and expenses. A formula set by Congress determines eligibility for federal and state aid. If the student is considered a dependent under federal guidelines, both the student and parents/guardians must provide financial information. Nearly all students going directly to college from high school are considered dependent.
Some student aid programs have limited money and provide funds on a first-come, first-served basis, so it is important to submit the FAFSA as soon as possible! Even if they don’t think they will qualify for financial aid, seniors should submit the FAFSA. They might be surprised because student aid rules change all the time.
Local resources include help sessions at each high school and contacts for their college-and-career readiness coaches.
Video by Robert Lewis / Creative Media Productions