So you have filled out your FAFSA form and sent it on its way. Mission accomplished! Now it’s just a matter of hearing back from the Department of Education and your schools, right?
Well, not exactly. Not if you really want to do a good job of making sure you get the best financial aid package possible. There are a few things that the Department of Education recommends that you do after the form is sent in.
- Make sure you get, and review for accuracy, your Student Aid Report (SAR)
- Get your Estimated Family Contribution Index (EFC) from the form and find out how your school uses it to calculate aid
- Find out what other information your school needs to determine financial aid.
- Consider adding some schools to the list of those that get your FAFSA information (incoming freshmen and transferring students)
- Review your loan history in the SAR to keep track of how much you are borrowing
If you would like more information about student loans, you can download my free book, I Graduated; Now What? A Guide to Dealing with Your Student Loans.