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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.
The Free Application for Federal Student Aid (FAFSA) To be considered for most college grants, a student needs to fill out a FAFSA form. This form helps determine a familyâs ability to pay for a student to go to college. Generally, the neediest students will be eligible for most federal grant funding.