How to Get the Most Money from Your FAFSA


As college tuition prices continue to rise, many students and their families are struggling to come up with the money to cover the costs. The FAFSA, or Free Application for Federal Student Aid, is a form that can help students get the financial assistance they need to attend college. Here are the top 10 things you need to know about the FAFSA.

Can you use fafsa money for anything?

Tuition and fees, accommodation and board, books and supplies, and transportation costs are all covered by federal student aid provided through ed. Aid can also assist with other connected costs like a computer and child care.

Whether you get to keep leftover fafsa money.

If money is still available, the school will provide it to you. The school may occasionally give your child any extra money with your consent. When your school (or your child’s school) disburses any portion of the loan funds to you as a student or parent, they must give you written notice.

Whether to report settlement money to fafsa.

When it comes to college preparation, parents of injured children should continue to be proactive. Settlement funds, which families must report on the free application for federal student aid (fafsa), may compromise financial aid eligibility.

Keeping extra fafsa money.

If money is still available, the school will provide it to you. The school may occasionally give your child any extra money with your consent. When your school (or your child’s school) disburses any portion of the loan funds to you as a student or parent, they must give you written notice.

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