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Who Should Complete a FAFSA?

The short answer is that the overwhelming majority of families should submit a FAFSA form. The FAFSA or Free Application for Federal Student Aid is a centralized platform for determining financial need for qualifying postsecondary institutions administered by the U.S. Department of Education. Starting in October 2016, the FAFSA form can be submit as soon as October 1st using the FAFSA website.

FAFSA Overview

Students who desire to be considered for federal financial aid in college must go to and complete the entire form in its entirety. FAFSA is an acronym that stands for the Free Application for Federal Student Aid. Depending on the university or college you are applying to, a FAFSA may be the only financial aid application you need to complete.

Conversely, you may be asked by a college to complete another set of standardized financial aid forms to qualify for aid at that specific school. The bulk of accredited higher education institutions have migrated to a digital application to help streamline the process for students and reduce application touch-time by university staff members.

To learn more about how to successfully navigate the FAFSA application, read our article titled the Facts about the FAFSA and Maximizing Your College Financial Aid. Be sure to understand the guidelines of the FAFSA and complete the form by the designated deadline.

Why Complete a FAFSA Form?

The FAFSA form opens you to the opportunity to receive Pell Grants, Perkins Loans, Federal Direct Loans, Federal Work-Study, state-based grants, and the Federal Supplemental Educational Opportunity Grant program.

Some schools do require a financial aid form specific to the school be completed called the CSS (College Scholarship Service) through the College Board. Make sure to check with the colleges admission team to determine if you will need a CSS in addition to a FAFSA.

Important college tip: regardless of your income and/or your familys income, the common federal entitlement program you have access to is the Stafford loan. A Stafford loan of $5,500 is available to all college freshman and must be preceded by a FAFSA in order to qualify.

Secondly, there are a number of factors that go into the calculation of federal financial aid in addition to income such as: your parents age, number of family members, how many members of your family are attending college, and your state of residence to name a few common factors.

Third, your Expected Family Contribution (EFC) will drive a great deal of the financial aid calculation for your college financing. The U.S. Department of Education has assembled a highly detailed, comprehensive calculation of the EFC to help answer any additional questions specific for your family.

Who Should Not Complete the FAFSA?

The overall percentage of families electing to not complete the FAFSA form will be quite small. That being said, there are a few conditions that will prompt a family to skip the FAFSA listed below:

  • You know for a fact your Expected Family Contribution (EFC) is higher than the cost of attending college and all qualifying costs associated with college.
  • You and your CPA have conferred to determine there are no unique or special financial circumstances that may diminish your calculated EFC.
  • You have determined a Parent PLUS loan and/or federal Stafford Loan are not important to help finance your college.

For additional financial aid and college admissions resources, make sure to visit MatchCollege and subscribe to our blog for the latest insights. Get connected with the best college degree for you from the top ranked colleges across the country in minutes. Our proprietary search technology and hundreds of career resources will help students from coast to coast make the most of the college information available.

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