Why is the FAFSA important for Seniors in High School?

Greenville Senior High School

By Stan Hughes, Principal

The Free Application for Federal Student Aid, or FAFSA, allows students to qualify for federal Pell grants, state grants, work-study, lower interest rate state and federal loans, and many scholarships. Seniors in high school who fill out the FAFSA form are 84% more likely to enroll in some type of education after high school. Here are three very good reasons that you and your student should fill out the FAFSA for the 2021-22 academic year.

Ninety-five percent of Americans qualify for financial aid. According to one online FAFSA platform, anyone with a household income below $250,000 qualifies for some aid. The financial aid may take a number of forms including scholarships, grants, and loans.

According to National College Attainment Network only 55.6% of high school graduates completed the FAFSA. This means that 44.4% of students missed out on opportunities to receive financial aid. Students missed out on their share of over $150 billion by not participating.

The application takes about 21 minutes on average to complete, and it is free. The following website, fafsa.ed.gov can be used to begin the single most important thing you can do to get money for college.

More information on understanding aid, eligibility requirements, and types of financial aid can be found on the studentaid.gov website. If you or your student are thinking of going to college, university or a career training center, please take some time to fill out the FAFSA form, you are more likely to attend post-secondary classes and you are likely to be eligible for some form of financial aid.

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