What does FAFSA stand for?

Free Application for Federal Student Aid

When should you submit your FAFSA for the best chance of receiving aid?

As soon as possible after October 1st

What is the main benefit of completing the FAFSA?

It gives you access to free money (grants)

What is the purpose of the FAFSA?

To determine eligibility for federal student aid

Can you submit the FAFSA if you haven't decided which college to attend yet?

Yes, you can list multiple colleges on the FAFSA

What type of information is needed to fill out the FAFSA?

Your parent's income tax returns and your Social Security number

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FAFSA

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Questions 10

Answers

1
What does FAFSA stand for?
Free Application for Federal Student Assistance
Federal Aid for Students Application
Free Application for Federal Student Aid
Federal Student Aid Application
2
You can submit your FAFSA before you’ve been accepted to a college.
False
True
3
You must repay all financial aid awarded through FAFSA, including grants and scholarships.
False
True
4
When should you submit your FAFSA for the best chance of receiving aid?
At least a month before classes start
As soon as possible after October 1st
Only after you've been accepted to a college
Only once you’ve received your financial aid offer
5
What is the main benefit of completing the FAFSA?
It determines your college acceptance
It provides you with scholarships automatically
It allows you to apply for student loans
It gives you access to free money (grants)
6
What is the purpose of the FAFSA?
To determine how much a student can borrow from a private bank
To apply for student loans
To apply for college admissions
To determine eligibility for federal student aid
7
How often must you submit a FAFSA to remain eligible for federal financial aid?
Once every 2 years
Only once when you first apply to college
Once every year
Every semester
8
Can you submit the FAFSA if you haven't decided which college to attend yet?
No, you need to know which school you'll be attending first
Yes, you can list multiple colleges on the FAFSA
Yes, but it’s best to wait until you’ve been accepted
No, you must apply after you’ve received an admission offer from one school
9
If you make a mistake on your FAFSA, you cannot fix it once it’s submitted.
True
False
10
What type of information is needed to fill out the FAFSA?
Your parent's income tax returns and your Social Security number
Your parents’ credit score
Your high school GPA and SAT scores
Your college acceptance letter

FAFSA Flashcards | StudBud