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Frequently Asked Questions
Depending on when and how the FAFSA is filed, whether it is signed electronically and whether you provide a valid email address, it can take 3 days to 3 weeks for the FAFSA to be processed. After the college financial aid office receives the FAFSA data, it will determine your financial aid eligibility.Is FAFSA a loan or free money?
FAFSA is not free money, it is the application one used to apply for government financial aid. There are different types of financial aids, that include grants, work study and loans. Loans is the only type of financial aid that needs to be paid back.What does FSA stand for in financial aid?
FSA stands for Federal Student Aid and is the program a student applies for. FAFSA stands for Free Application for Federal Student Aid. Financial Aid is a term that describes a funding package that assists students with costs of tuition, housing, and other fees. The components making up this aid package include federal grants and loans.