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Be Fast with the FAFSA

Paying for College

We have retired this resource and it is no longer being maintained. �Please visit https://www.ngpf.org/fincap-friday/ for the newest resources.

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1. What does FAFSA stand for?

  1. Financial Association for Student Applications
  2. Free Application for Federal Student Aid
  3. Free Association for Student Accessibility
  4. Friendly Application For Student Ability

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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1. What does FAFSA stand for?

  • Financial Association for Student Applications
  • Free Application for Federal Student Aid
  • Free Association for Student Accessibility
  • Friendly Application For Student Ability

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. How much free financial aid is lost to families who do not file the FAFSA?

  • $100 million
  • $500 million
  • $1.5 billion
  • $2.6 billion

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. How much free financial aid is lost to families who do not file the FAFSA?

  • $100 million
  • $500 million
  • $1.5 billion
  • $2.6 billion

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. Why is it important to file the FAFSA?

  • It's the only way you can access federal student aid funds
  • It's required to calculate your credit score
  • Federal law requires high school students to complete it
  • You cannot be accepted to college if you don't complete it

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. Why is it important to file the FAFSA?

  • It's the only way you can access federal student aid funds
  • It's required to calculate your credit score
  • Federal law requires high school students to complete it
  • You cannot be accepted to college if you don't complete it

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Approximately how long does it take to complete the FAFSA the first time you complete it?

  • 10 minutes
  • 55 minutes
  • 2 hours and 15 minutes
  • 5 hours

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. Approximately how long does it take to complete the FAFSA the first time you complete it?

  • 10 minutes
  • 55 minutes
  • 2 hours and 15 minutes
  • 5 hours

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percent of the high school graduating class of 2019 completed the FAFSA?

  • 25%
  • 38%
  • 50%
  • 61%

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. What percent of the high school graduating class of 2019 completed the FAFSA?

  • 25%
  • 38%
  • 50%
  • 61%

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Do you plan to complete

the FAFSA? Why or why not?

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Applying for the FAFSA (Lesson)
  • RESEARCH: FAFSA Deadlines (Activity)

References:

  • Here’s how to unlock that all important college financial aid (cnbc.com)
  • Confusion Reigns When It Comes to Filling Out the FAFSA (Yahoo Finance)
  • National FAFSA Completion Rates for High School Seniors/Grads (College Access)
  • How Long Does It Take to Apply for Financial Aid? (Edvisors)
  • Federal Student Aid Provides Grants, Loans & Work-Study Funds for College or Career

School (studentaid.ed.gov)

BE FAST WITH FAFSA | OCTOBER 3, 2019 EDITION | NEXT GEN PERSONAL FINANCE