International Students must have come across FAFSA scholarships while applying to USA universities. If not, then we’ve got you covered! FAFSA or Free Application for Federal Student Aid is an American federal aid programme for students. It is made available by the US Department of Education in the form of loans, work-study, or grants. Students can apply for institutional aid and merit-based scholarships while also reducing their financial burden with this scholarship. In this blog, we have unveiled major areas of the FAFSA Scholarship along with the procedure for applying in the year 2022.
This Blog Includes:
- What is FAFSA?
- Importance of Applying for the FAFSA Scholarship
- FAFSA Eligibility Requirements
- Documents Required to Apply for FAFSA 2022
- Who Should Submit FAFSA Application?
- How to Apply for FAFSA?
- Important FAFSA Date 2022-2023
- FAFSA Grants for Students
- Common Mistakes to Avoid During FAFSA Application
What is FAFSA?
A government financial assistance program for students in the United States is called the Free Application for Federal Student Aid (FAFSA). An application for federal and state financial help for higher education is called the FAFSA scholarship. Scholarships funded by the federal government for higher education include transportation, room and board, books, and other materials. A student’s eligibility for numerous state and university-based scholarships is determined using the FAFSA.
Importance of Applying for the FAFSA Scholarship
The significance of the FAFSA for a foreign student is discussed below:
- More than $150 billion in grants including college grants, work-study money, and federal student loans are given to overseas students each year. As a result, you may use it to wait in line for significant money.
- It just takes 21 minutes to fill out the scholarship application, and it’s free.
- Additionally, it is necessary for private scholarships. So, even to apply for school scholarships, one must fill it out.
- There is no bias because it is first come, first served.
FAFSA Eligibility Requirements
The student must adhere to the FAFSA standards listed below in order to submit a 2022 FAFSA application:
- The applicant must be a US citizen or a US non-citizen who satisfies the qualifications for eligibility.
- Have a social security number.
- A satisfactory grade in school
- Must have a General Education Development (GED) certificate or a high school diploma.
- Students must be enrolled in an approved program as normal students pursuing a degree or certificate.
- The applicant cannot owe a federal student grant return or be in arrears on a federal student loan.
- You must be enrolled at least half-time in order to be eligible for Direct Loan Program funding.
- A conviction for illicit drug possession or for a crime committed while the candidate was receiving federal student aid is not permitted.
- The FAFSA certification statement should be filled out and signed.
Documents Required to Apply for FAFSA 2022
The following papers should be kept on hand by the candidates before we learn more about how to complete FAFSA applications:
- Social Security number
- Apply Registration number for non-US citizens
- Bank statements
- FSA ID
- Federal income tax returns, W-2s, and other records of money earned.
- Investment Records (if applicable)
- Records of untaxed income (if applicable)
- Parent/ Guardian information
- Scholarships essays
- Contact details
- Statement of career goals
- Educational transcripts
Who Should Submit FAFSA Application?
The USA offers the FAFSA. Students who are eligible and in need of financial aid can apply for FAFSA scholarships. There is no income threshold, so any student who satisfies the FAFSA requirements can submit an application. The application may also be completed on behalf of dependent students by their parents.
How to Apply for FAFSA?
- Log in at the official site to fill out an online form.
- Create FSA ID to sign the FAFSA form electronically.
- Fill out all the demographic information of the student.
- List the schools of choice.
- Answer the dependency questions
- Fill out the parent’s information,
- Provide financial details
- Sign and submit the form
Finance your study abroad dream with Leverage Finance!
Important FAFSA Date 2022-2023
The following are the essential FASFA dates:
|Free application date 2022||June 30th, 2023|
|Corrections/Update submission date||September 9th, 2023|
FAFSA Grants for Students
A grant is a type of financial aid that is not repaid. For students, there are several FAFSA grants and scholarships accessible. Federal awards include Pell Grants, Teacher Education Assistance for College and Higher Education (TEACH) Grants, and Federal Supplemental Educational Opportunity Grants (FSEOG).
Depending on the eligibility requirements, the federal grant amount for each year may change from program to program. Scholarships are not returned, but if students earn other grants or resign from the program for which the grant was issued early, they may be forced to do so.
Common Mistakes to Avoid During FAFSA Application
- Incomplete Applications: Incomplete applications are commonly submitted by students, and if a crucial question or part is missed, the application may be turned down. Additionally, it’s imperative that you submit the form by the deadline.
- Wrong or missing FSA ID: The initial step in the application procedure is getting an FSA ID. The application could be turned down if the FSA ID is submitted erroneously or if a different student or parent ID is utilized.
- Listing only one university: Students are allowed to list up to ten universities on the FAFSA. Students commonly make the mistake of just including one college on their list while missing the opportunity to apply to the others.
- Not Signing the FAFSA Application: Due to negligence, the absence of a parent, or password forgetfulness, candidates frequently fail to sign the FAFSA application. If a FAFSA application is not signed, it is deemed incomplete.
A. The FAFSA scholarship is available only for US citizens, US nationals or eligible non-citizens.
For the academic year 2022-23, the FAFSA form must be submitted by June 30, 2023, at 11:59 p.m. Central time (CT). For the academic year 2021-22, the FAFSA form must be submitted by June 30, 2022, at 11:59 p.m. Central time (CT).
Every year on October 1st, the FAFSA application opens.
There is no cap on income limit while applying for FAFSA aid. Instead, factors such as year of enrollment and family size are taken into account, in addition to demonstrating financial need.
The different types of federal aid available to students are grants, scholarships and work-study, along with student loans.
We hope that this blog has given you all of the information you need about the FAFSA Scholarship. Are you having trouble picking which studies abroad program is right for you? Contact our Leverage Edu consultants for complete support in gaining admission to your desired college. To schedule an appointment, call 1800-572-000 right now!