The free application for student financial aid, also referred to as FAFSA, covers questions about a student's intended educational institution, personal information, such as address, social security number and birth date, as well as financial records from both the student and parents. The application is used to determine how much a student is able to contribute financially to his education.Know More
Once the FAFSA is completed, the information is forwarded to colleges and universities designated by the student. Each college's financial aid office will then determine the amount of federal financial aid the student qualifies for based on his academic standing, financial obligations and family situation. For example, a student may qualify for free federal or state grants that will not have to be paid back, or a student may only qualify for federal loans designated for students enrolled in higher education institutions.
The questions on the FAFSA determine if a student has additional financial obligations, such as dependents or a mortgage. In addition, the FAFSA also requests students and parents to list property assets and cash on hand in bank accounts. If a student's financial or personal status changes while enrolled, he can appeal his financial aid package with the college's financial aid office and may need to revise the FAFSA application.Learn more in Colleges & Universities
Having a bachelor of arts degree in biology means a person has completed all requirements set forth by an educational institution and has graduated. Essentially, a degree of any kind is a certification that the person is skilled in a chosen field and has the ability to continue forward.Full Answer >
There are several different paths to take to try and find grants to attend college, but filling out the Free Application for Federal Student Aid (FAFSA) should be a top priority. The FAFSA helps to determine eligibility for government grants, such as the Pell Grant. It also helps the government determine the eligibility of possible loans.Full Answer >
Students are not required to sign a promissory note when the file the FAFSA, or Free Application for Federal Student Aid, advises Fastweb. However, if the student decides to accept a federal student loan, the applicant must sign a master promissory note to receive funds, advises the U.S. Department of Education.Full Answer >
Distributions from 529 plans to pay for college are made to the owner of the account, the student or directly to the educational institution, reports Bankrate. The most efficient method for tax reporting is to write the check in the name of the student.Full Answer >