Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations.
FAFSA means Free Application for Federal Student Aid.
October 1st is when you are able to fill out the FAFSA. The FAFSA is a tool created by the government to help determine what type of assistance you will need to pay for college.
To complete the Free Application for Federal Student Aid (FAFSA), you will need:
Your Social Security Number and your parents
Your Alien Registration Number (if you are not a U.S. citizen)
Your parents most recent federal income tax returns, W-2s, and other records of money earned.
(Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
Bank statements and records of investments (if able; not mandatory)
Records of untaxed income (if able; not mandatory)
You need to create two id's; your parent account and your student account 24 hours before filling out the FAFSA