The FSA ID is your Federal Student Aid ID. It’s a username
and password that you’ll use to submit your Free Application for Federal
Student Aid (FAFSA) each year that you’re seeking financial aid for college.
It’s best to create your FSA ID
before you complete your FAFSA. In fact, now is the perfect time for you to
create yours since the new FAFSA will be available October 1.
Your FSA ID can also be used to log on to other financial
aid websites. It’s your unique electronic signature, so you should never share
it with anyone—not even your parents or financial aid personnel at the college
you choose to attend. You must create your own FSA ID; parents of dependent
students should not create an ID for their children, and vice versa.
We suggest writing down the information you enter as you
create your FSA ID. The easiest way to do so is by using the FSA ID
worksheet, available in English and Spanish at UCanGo2.org. Once you’ve filled in
the worksheet, be sure to store it in a safe place. Consider putting it in the
file that contains one or more recent tax returns (yours and/or your parents’)
so you will have it handy when the next FAFSA season rolls around.
For more information about how to plan, prepare and pay for college, visit UCanGo2.org, OKcollegestart.org and StartWithFAFSA.org.
When we hear the word “free” we’re usually excited, but
then we think, “wait a minute – what’s the catch?” We’ve been conditioned to
believe that nothing is ever free. Well, that’s not the case with the Free
Application for Federal Student Aid, or FAFSA. The FAFSA really is a free
application! There aren’t any gimmicks, conditions, 30-day trial periods or
necessary payments. The FAFSA is a free application that helps colleges
determine your eligibility for financial aid – money to help cover educational
expenses. In order to access this application, you’ll need to log in to FAFSA.gov. This is
the official website to submit your FAFSA. Other sites may require you to pay a
fee to submit your application, but FAFSA.gov won’t.
What else should you know about this free application? You’ll
need a username and a password to log in and sign your FAFSA. You can create
your login, also called an FSA ID, at fsaid.ed.gov. There
shouldn’t be any fees to create your login, either. Once you submit your
application, the colleges that receive your FAFSA can assist you with any
concerns you may have about your financial aid eligibility or financial aid
offer; be sure to contact them with questions. Don’t fall for scams that state
you must pay (anything!) to submit your FAFSA. Remember that no payment is
required because the FAFSA is always free!
Have you been told that the Free Application for Federal
Student Aid, or FAFSA, is only for students with good grades? What about the
myth that the FAFSA is only for those with a certain income? If you have heard these,
you have been given the wrong information. The FAFSA is for everyone who plans
on attending college. This application shows a school your eligibility to
receive financial aid, or funds to help you pay for college. Financial aid
comes in the form of grants, work-study and student loans. If you are a high
school senior, current college student or an adult learner going back to school,
you should submit a FAFSA.
The FAFSA doesn’t ask for your grades or transcripts. Instead, it inquires about your financial information to see how much aid you’re eligible to receive. Not only could submitting your FAFSA determine your eligibility for federal financial aid (grants, work-study and student loans), but it could also determine your eligibility for aid given specifically to students at your college. Other scholarships may also require you to submit a FAFSA. Therefore, put aside those legendary tales and see what financial aid you could receive. It’s better to learn that you qualify for some aid, then to completely miss it because you decided not to apply. Don’t believe the myths, learn more about the FAFSA for yourself at FAFSA.gov and StartWithFAFSA.org.