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PLUS Â· Consolidation Loans. Private student loans. The Free Application for Federal Student Aid (known as the FAFSA) is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.
MYTH 6: I should call âthe FAFSA peopleâ (Federal Student Aid) to find out how much financial aid money Iâm getting and when. FACT: No, youâll have to contact your school. Federal Student Aid does not award or disburse your aid, so we wonât be able to tell you what youâll get or when youâll get it.