You can complete the FAFSA online at the official website, fafsa.gov. You’ll need to create an account to sign in and complete the form. The process will require you to provide financial details from tax returns and other documents like your social security card. After Submitting Once the FAFSA is submitted, colleges use the information to determine how much aid the student qualifies for and create an award letter. This award letter will detail any grants, loans, or work- study opportunities the student has been offered. Common FAFSA Mistakes to Avoid • Missing deadlines: Missing the FAFSA submission deadline can mean missing out on crucial financial aid opportunities. • Incorrect or incomplete information: Always double-check the form for financial data and personal details to avoid mistakes that could delay processing. • Omitting parental financial information: As a dependent student, failing to include parents’ financial information can cause the application to be rejected. • Not reapplying every year: FAFSA is not a one-time process. The form must be submitted every year to continue receiving financial aid. Additional Funding Beyond FAFSA FAFSA is not the only way to finance college. There are multiple forms of financial assistance available, including: • Scholarships: Many private organizations, schools, and community groups offer scholarships that do not need to be repaid. • State-based programs: State-based programs: Some states offer additional financial aid opportunities for residents, such as grants or loan forgiveness programs. For example, the Louisiana Office of Student Financial Assistance has a list of college assistance programs available at mylosfa.la.gov. • Private loans: Though not an ideal option due to high interest rates, there are many private loans available to students. The FAFSA is a powerful tool in unlocking financial aid for your student. Consider it the magic key to college financing. Remember, the process may seem daunting at first, but the financial opportunities are worth the effort.
NOLAFAMILY.COM | MARCH 2025 19
Made with FlippingBook Digital Publishing Software