‘Money: It’s Personal’ — Applying for federal student aid

well the beginning of a new year means it’s time for incoming freshmen and students already enrolled in college to begin applying for federal aid ahead of the next school year the Free Application for Federal Student Aid or FAFSA help students find available grants loans or work-study funds to help finance their college education kasey kahne web producer Ivan Herrera explains the process in our consumer series called money it’s personal financing a college education can run you some big bucks that’s why the Free Application for Federal Student Aid or FAFSA allows students to apply for grants loans or work-study funds it also serves another purpose colleges may use FAFSA information to determine your eligibility for state and School aid and some private lenders may use your information to see if you qualify for their funds so who’s eligible students must be a citizen or an eligible non-citizen of the u.s. they must have a valid social security number and they must have received a high school diploma or GED certificate plus students need to be enrolled in an eligible program in which they are a regular student seeking a degree or certificate the first thing you want to do to apply for the 2019 2020 school year application is to take your tax refund from 2017 you’ll need it for many of the questions asked during the process after that head over to student aid Ivy gov / FAFSA and click on the start here button to be taken to the application bear you’ll be asked for your social security number your tax return information and your parents tax information if your dependent students and several other questions to determine your eligibility for student aid once you’re done with the application you’ll review it and submit it then you’ll find out if you’re eligible for student aid check with your university for application deadlines for the nine ivan herrera for even more information on how to submit a FAFSA application head over to our website at case at comm and click on this story and if you have any suggestions on what types of personal finance topics we can explain just leave a comment there as well

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