1. Gather Your Documents
Have your Social Security number, tax returns, bank statements, and other financial information ready to complete the FAFSA.
2. Create an FSA ID
Visit the Federal Student Aid website to create your FSA ID, which you’ll use to sign the FAFSA form online.
3. Complete the FAFSA Form
Fill out the Free Application for Federal Student Aid (FAFSA) online at fafsa.gov to apply for federal, state, and school-based aid.
4. List Your Colleges
Enter the colleges you’re considering on your FAFSA. These schools will receive your financial information to calculate your aid eligibility.
5. Review Your Student Aid Report (SAR)
After submitting the FAFSA, review your SAR, which summarizes the information you provided and shows your Expected Family Contribution (EFC).
6. Correct Errors if Necessary
If you find errors on your SAR, make corrections online using your FSA ID to ensure accurate aid processing.
7. Compare Financial Aid Offers
Once you receive financial aid offers from schools, compare them carefully to determine which provides the best support.
8. Accept Your Aid Package
Log into your college’s financial aid portal to accept the aid you want, including grants, scholarships, and loans.
9. Complete Loan Counseling (if needed)
If accepting federal loans, complete required entrance counseling to understand loan terms and responsibilities.
10. Sign Your Master Promissory Note (MPN)
Sign your MPN for federal loans, committing to repay your student loans according to the agreed terms.