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What happens to the money earned through FAFSA?

Asked Danielsville, Georgia

I have applied to FAFSA and I was wondering how do you get connected to the money?
#scholarship #financial-aid #money

1 answer

Theodore’s Answer


Check out https://studentaid.ed.gov/sa/types - money isn't "earned" through a FAFSA application, it gives the schools that you've identified on the FAFSA application access to your financial situation, allowing them to make choices in determining eligibility for financial aid, including student loans. BEWARE student loans, as they aren't really "aid", they are a LOAN that must be paid back. School is expensive, and financial aid departments sell loans so that you can attend their school. A FAFSA application is also necessary to apply for many grants and scholarships, including state or federal funds.

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