Which statement about FAFSA is true?

Which statement about FAFSA is true?

• A. Yes, it guarantees financial aid.
• B. No, completing FAFSA online does not guarantee financial aid.
• C. It guarantees only state aid.
• D. It guarantees admission.

Answer: (B)

Submitting the FAFSA is the step used to determine eligibility for federal, state, and institutional financial aid. It collects your family’s financial information to estimate need and to see what aid programs you might qualify for. However, completing FAFSA online does not guarantee that aid will be awarded. Awards depend on factors like the amount of funds available, your actual eligibility, enrollment status, academic progress requirements, and deadlines set by the college and by each aid program. You can qualify in theory, but there’s no guarantee you’ll receive aid or the same amount.

Submitting the FAFSA is the step used to determine eligibility for federal, state, and institutional financial aid. It collects your family’s financial information to estimate need and to see what aid programs you might qualify for. However, completing FAFSA online does not guarantee that aid will be awarded. Awards depend on factors like the amount of funds available, your actual eligibility, enrollment status, academic progress requirements, and deadlines set by the college and by each aid program. You can qualify in theory, but there’s no guarantee you’ll receive aid or the same amount.