FAFSA
FAFSA is an acronym standing for the “Free Application for Federal Student Aid,” and is probably the most well-known, widespread, and most adaptable form of its kind. A FAFSA seeks to evaluate the eligibility of undergraduate and graduate university-level students for government financial aid, such as Stafford loans, Pell grants, and work studies programs.
The focus of the questions in this form is centered on the finances of the student and his or her family or guardians, which are used to tabulate an amount of expected family contribution (EFC). Unlike many other questionnaires and applications related to university admissions and tuition, it does not take into account factors such as race, religion, or ethnicity.
Most institutions of higher education employ the FAFSA due to the broad range of students to which it applies. The requirements to qualify for FAFSA-related aid are minimal, and include:
- A valid Social Security number
- Proof of citizenship or being a U.S. national or eligible non-citizen
- For male students, being enrolled with the U.S. Selective Service
- Has not been found guilty of drug possession when aid was being received
Contact Us
Federal student loans such as those secured FAFSA are usually fairly safe, secure ways of paying for tuition. However, in the event that you or someone you love is facing major financial difficulties due to student loans, you owe it to yourself to consider the potential advantages of filing for bankruptcy. Contact the experienced South Florida bankruptcy lawyers at the Boca Raton law offices of Eric N. Klein & Associates, P.A., today by calling 561-353-2800.
