High school seniors planning to attend college or technical school next fall should fill out the Free Application for Federal Student Aid, also called the FAFSA, now that the application for the new year is available, according to the Kentucky Higher Education Assistance Authority, or KHEAA.
The information on the FAFSA determines if students qualify for federal grants and student loans. It is also required to apply for state grants and scholarships. In addition, many colleges use the information to award their own grants and scholarships, the authority said.
The FAFSA asks for information about income, assets and expenses. A formula set by Congress determines eligibility for federal and state aid.
If the student is considered a dependent under federal guidelines, both the student and parents must provide financial information. Nearly all students going directly to college from high school are considered dependent.
The Medina Independent School District will hold a meeting on FAFSA to explain the application form and to help interested students fill an application out.
It will be held Oct. 23 at the Medina High School computer lab beginning at 5:30 p.m. Participants are asked to bring information from their 2018 income tax returns to complete the applications.
Representatives from the Schreiner University financial aid office will be present at the meeting to help students and their parents complete the application forms.
Some student aid programs have limited money and provide funds on a first-come, first-served basis, so it is important to submit the FAFSA as soon as possible.
Even students who don’t think they’ll qualify for financial aid should submit the FAFSA. They may be surprised because student aid rules change all the time, KHEAA said in a news release.
KHEAA is a public, non-profit agency established in 1966 to improve students’ access to college. It provides information about financial aid and financial literacy at no cost to students and parents.
For more information about its services, visit www.kheaa.com.