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Fast Facts About FAFSA

Updated: May 26, 2020

Financial Aid applications open this weekend. Are you ready? Schedule a free consultation to learn more about how to maximize aid.

Most students qualify.

More students could receive aid than apply each year. There are millions of dollars left unclaimed year that could be directed to your college education. If your family takes home less than $250k a year, then you qualify for something. In Chicago, that's roughly 95% of families.

It is not the same as CSS/Profile, and you should fill out both.

They are both open on the same day and there are some key differences on what schools accept them and how they calculate financial need.

There is homework for parents, too.

Unlike most of the college application that requires students to be independently productive, financial aid forms ask parents to contribute to the workload as well.

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