Is FAFSA a Loan?
To answer this first of all I will make you understand that FAFSA is just an application form. FAFSA stands for Free Application for Federal Student Aid, therefore we can say that the FAFSA is not a loan.
The FAFSA is used to determine the eligibility of a student for the Federal Pell Grant or any other type of Financial aid.
Read our detailed article on Is FAFSA a Pell Grant?
Is FAFSA a Loan or Grant?
The FAFSA is neither a loan nor a Grant but it is an Application form which is used by Institutions/Schools to determine the eligibility of a student for the Federal Aid including Federal Pell Grant, Federal Work Study, and Federal Student Loan.
The State Grants and the Institutional Grants from Colleges and Universities are also given with the help of FAFSA application.
Does FAFSA give loan?
FAFSA is not any institute, organization or any entity who can award the loan.
FAFSA stands for the Free Application for Federal Student Aid.
FASFA in itself is not any financial aid, but it is an application form through which the eligibility of a student to get the financial aid is determined.
Do you have to pay back FAFSA loan?
After filling out the FAFSA application form, a different-different type of financial aid is given to students on the basis of the eligibility terms and conditions. Once you get the financial aid then you can clearly understand whether you need to repay this or not.
If the financial aid is a kind of any Grant, Scholarship and Work/Study money then you DON’T Need to pay back.
If it is a kind of a loan then you might have to be paid partially or fully that depends on the award letter that you receive after your eligibility check of FAFSA application form.
Can you earn scholarships outside of the FAFSA?
Yes you can, as such there is no restrictions on how many scholarships can be earned.
Where is FAFSA located?
Since FAFSA is not any institute, organization or any entity who can award the loan, it is just an application form hence there is no physical address. However there is a portal where you can check the status of your Free Application for Federal Student Aid (FAFSA) form, do the following:
- Log in to fafsa.gov.
- Select whether you’re a student, parent, or preparer.
- Select “Continue.”
- Your FAFSA status can be found on the “My FAFSA” page, which you’ll see right after you log in if you’ve started or completed a FAFSA form.