Why should I fill out a FAFSA? I am not eligible for anything!
Even though you may not be eligible to receive a Federal Pell Grant (“free” money) because of your financial status, you should be able to attain low interest Federal Stafford loans. Filling out a FAFSA will tell the Financial Aid Office if you are eligible for this type of loan. There are a few instances in which you would not be eligible for these loans which include hitting your aggregate limit for Federal loans, default on prior Federal student loans, bankruptcy and/or being over awarded by a prior school. In some cases, your financial aid office can help you take the steps necessary to regain eligibility. It is also important to fill out the FAFSA every year because some state funding and some scholarships look at the results of your FAFSA prior to awarding those funds.