The Truth about the FAFSA

Let’s play a game!

FAFSA Facts opens in a new window
FAFSA Facts Flyer

True or False? Nearly everyone who submits a FAFSA qualifies for some type of financial aid. (Answer: True!)

True or False? When it comes to financial aid, it’s best to keep all savings accounts under the student’s name. (Answer: False. The FAFSA uses a larger percentage of student income and assets when determining Expected Family Contribution (EFC), so it’s best to keep all savings accounts in your parents’ names, if possible.)

True or False? Males age 18-25 must be registered with Selective Service to receive federal financial aid. (Answer: True. Registration is available on the FAFSA.)

These and many other key facts about the FAFSA are listed on our FAFSA Facts flyer. Visit the resources section to find this flyer and other helpful resources.