The FAFSA, or Free Application for Federal Student Aid, is a form that students need to complete in order to be considered for any type of financial aid at most colleges. It is a free form that can be completed online at the FAFSA website. The FAFSA takes into account the family’s financial profile, including income and non-retirement assets, to determine eligibility for need-based grants and other types of financial aid. It is an important part of the financial aid process for college.
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