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How exactly do FAFSA work?

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One of my parents makes lots of money on paper but they have to take care of 5 other people along with bills, taxes, and stuff for siblings' college. Will I get the money I need? #counselor #financial-aid

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Anmol’s Answer

Updated

https://bigfuture.collegeboard.org/pay-for-college/financial-aid-101/7-things-you-need-to-know-about-financial-aid

What Is the FAFSA?

The primary purpose of the Free Application for Federal Student Aid is to figure out how much need-based financial aid you qualify for and then how much non-need-based aid you can get. Even if you’re expecting to get most of your aid from your parents, scholarships and private loans, it’s worth taking an hour to fill out the form: Some schools require it as part of making all financial aid decisions, including private scholarship and grant money.

Read more: A Quick Guide to How FAFSA Loans Work | Investopedia http://www.investopedia.com/articles/personal-finance/090815/quick-guide-how-fafsa-loans-work.asp#ixzz4OC3bzm78