The Gauntlet Challenge- Day Two

Today I am trying to familiarize myself with FAFSA. 

 

As I began, I realized that I’ve been calling it FASFA instead of FAFSA. Good example of how little I know about it. I was going to correct my error in a previous post, but I am supposed to be basically bearing all of my ignorance here, so I left it as it was. 

FAFSA stands for Free Application for Federal Student Aid. In order to apply, I will need general things such as my driver’s license and social security card, as well as all financial records from the previous year (W-2 forms, stocks, bonds, bank statements, etc.). Obviously this makes sense. Also, students must apply for a PIN, which will serve as an electronic signature. It takes one to three days for the PIN to register. I applied for my PIN the other day when I began this process. 

SAR: Student Aid Report 

EFC: Expected Family Contribution 

After completing the FAFSA process, I should receive my SAR. I’ll have to review it and make sure all of the information is correct, and submit any corrections if it is not. The EFC is basically a needs analysis. It will show where I stand in comparison to the rest of the nation. My selected school will use the information I submit to determine my financial aid award. They may request documents for proof, which I’ll need to send immediately in order to avoid delays in my financial aid decision.

References: 

http://www.petersons.com/college-search/overview-fafsa-application-process.aspx

 

That’s all for now! 

I’ve had a very long day today and I am admittedly kind of proud of myself for accomplishing as much as I have. And also for not delving into the TV the very instant I got home… haha. Now it’s time for dinner, because I’m starving. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s