If you completed the FAFSA and didn’t receive financial aid, there a could be a few problems you need to address. You did not complete the correct FAFSA. If you’re selected to complete verification, it’s required that you provide your financial aid office additional information before they can award you financial aid.

Can I apply for FAFSA if I owe student loans?

If you’re in default on your student loans, you will not be able to receive any financial aid. You can get your student loans out of default by either rehabilitating your loans or by consolidating your loans. Once your loans are consolidated, you can receive financial aid.

How can you be denied financial aid?

Loan Defaults or Grant Refunds If you are currently in default on a federal student loan, you may be denied additional money. You may also be denied if you owe a refund on any previous federal grants. In these situations, you must get out of default and/or pay grant money you owe before you can receive additional aid.

What makes you not eligible for a Pell Grant?

You are not eligible to receive a Federal Pell Grant if you are incarcerated in a federal or state penal institution or are subject to an involuntary civil commitment upon completion of a period of incarceration for a forcible or nonforcible sexual offense.

What happens if you file FAFSA but get no aid?

Being in federal student loan default could mean you’re ineligible to receive additional federal student loans. If this is the case, contact your financial aid office and your student loan servicer, they can help guide you back to good standing. Some students will file the FAFSA, but won’t qualify for need-based student aid such as:

What do you need to know about the FAFSA application?

The U.S. Department of Education uses the FAFSA application to determine a student’s eligibility for need-based federal financial aid for college based upon their financial situation. Federal financial aid may include federal grants, scholarships, work-study, and/or loans. Is the FAFSA a Loan or Free Money? The FAFSA application is not a loan.

How does the Free Application for federal student aid work?

The Free Application for Federal Student Aid (FAFSA) is the key to getting grants, scholarships, work-study, and loans to help pay for college.

What kind of loans can I get with FAFSA?

Borrowing is Still an Option, But Do It Right 1 Federal Direct Loans. The best loans for students tend to be government subsidized loans like Federal Direct Loans. 2 PLUS Loans. PLUS loans are also provided by the U.S. 3 Perkins Loans. Another good U.S. 4 Private Loans: Beware! …