Virginia FAFSA Applications
The Virginia FAFSA application is available through the Federal Student Aid office, which is a part of the U.S. Department of Education. Federal student aid is in charge of informing students and parents on how to apply for FAFSA benefits and it is also in charge of managing all the student financial assistance programs created under Title IV of the Higher Education Act of 1965. Federal Student Aid provides financial assistance programs such as grants, loans and work-study opportunities for individuals who need assistance paying for higher education. Prospective students can fill out an application for federal student aid regardless of the degree program, area of study or age of the student. After filling out a Virginia FAFSA application, students will either receive an aid offer or letter of denial from their school of choice. Your FAFSA application can also be used to determine your eligibility for state-funded financial aid and any additional aid your school may offer. To learn more about the importance of filling out a FAFSA, continue reading below.
Why You Should Fill Out a FAFSA
The Virginia FAFSA application is used for a lot more that determining your federal aid allotment. The state of Virginia, colleges, universities and private lenders all use the information provided on your FAFSA application to determine if you are eligible for any other forms of financial aid through them. Applying for FAFSA will give you access to the largest source of student financial aid in the country and it is not limited to only what the federal government can provide. In addition, your FAFSA application will allow your chosen education institution to offer you both financial aid and any scholarships that may apply to your specific circumstances. Your application for federal student aid is processed by both the federal government and your chosen school because it is your school that decides the allotment of your financial aid. The federal government only oversees the FAFSA application and allotment process to confirm the amount and to ensure that the allotment is fair based on the financial aid formula and your school’s regulation.
Your application for federal student aid will also be necessary in determining scholarship, grant and loan eligibility as it contains your personal and financial information. If you do not qualify for federal financial aid, you may still be eligible for certain state, school or private financial aid that is determined in a different way from federal student aid. Filling out a Virginia FAFSA application will help facilitate this process and provide your information to your state and chosen education establishment through safe federal channels. Without filling out an application for federal student aid, you will be missing out on a financial opportunity that may help you pay for some, if not all, of your education-related costs. Learn more about these various opportunities by downloading our free guide today.
How to Submit FAFSA Application
If you are wondering, “How do I fill out the FAFSA form?” you need to create a profile on the Federal Student Aid website. After your profile is complete, you will submit a detailed application for federal student aid that contains your cost of attendance (COA), expected family contribution (EFC), personal information and the school you are planning to attend. You can check the status of your Virginia FAFSA application right after submitting it online, but you will have to wait to check your application status if you sent a paper application by mail. If there is no change to your status when you check, do not be alarmed. It usually takes a few days up to a few weeks for the Federal Student Aid department to send you a student aid report (SAR) to confirm the information on your application.
After all the information on your Virginia FAFSA application is reviewed and your SAR is approved, you will need to wait for a response from your chosen school to know what your financial aid allotment will be. Based on your FAFSA application, educational institutes such as colleges, universities and technical schools determine your financial aid allotment and are the ones that send you an award letter, not the Federal Student Aid department. If you have questions about how to submit your FAFSA application, Federal Student Aid is available to assist you. The office can also tell you how to fill out the FAFSA form, but they cannot tell you your allotment once the application has been processed. After receiving your aid offer from your school, you should consult the financial aid office at the college or university for any further questions regarding your allotment. Download our comprehensive guide to get more in-depth information regarding the FAFSA application.
When Should You Apply
The federal deadline for submitting applications for federal student aid is June 30, 2018 for the 2018-2019 school year. If you need to correct or change anything on your Virginia FAFSA application, the deadline for application changes is September 15, 2018. These dates may vary depending on the educational institute you have chosen to attend, so be sure to contact your school’s financial aid office for any school-specific dates you need to be aware of.