Free Application For Federal Student Aid (FAFSA)

• The FAFSA (Free Application for Federal Student Aid) is a government program to assist students paying for school

• Applying for the FAFSA is quick and easy!

• We offer assistance for students applying for FAFSA

• Millions of students each year are awarded FAFSA financial aid.

Step 1 - Creating FAFSA Account

• The first step is to create a FSA ID. This is your account to log in to the FAFSA website. • The FSA ID will be used to confirm your identity. Keep this information confidential. • Parents of dependent students will need to create their own FSA ID.

Step 2 - School Selection

• Now its time to search for schools you would like to add to your FAFSA application. • You can select up to 10 schools at a time. • To add a school to your application, enter the school code. The code for Rosel School of Cosmetology is 030829.

Step 3 - Dependency Status

• Your dependency status will determine whether you need to include parent information on your application. • Dependent students will need to provide parent information. • Independent students will not need to provide parent information. • In order to determine whether you are a dependent or not, please refer to this article from the FAFSA website.

Step 4 - Parent Demographics

• In order to complete this section, you will need some information from your parent(s). • You will also need to disclose their marital status. • Your parent(s) may complete this section on their own using their FSA ID.

Step 5 - Tax Information

• Next you will asked to provide some tax information from specific years. • the 2023-2024 FAFSA will ask you to provide 2021 tax information • You can use the IRS data retrieval to electronically transfer your federal tax return information directly to your FAFSA form.

Step 6 - Sign and Submit

• You must sign the FAFSA application before you can submit it. • if you provide parent information, then both the student and parent signature are required. • Read all the terms and conditions before signing.

How to Fill Out the FAFSA Form

Basic Eligibility Requirements

• Are a U.S citizen or eligible non citizen

• have a valid social security number

• Have High School Diploma or G.E.D equivalent

• Maintain satisfactory academic progress in school

• Create an FSA ID and account

• Demonstrate financial need

Grants vs Loans

There are two categories of federal student aid: grants and loans. When you receive your options for student aid you may be eligible for both. You may be wondering how they are different. Below is an explanation on the differences between grants and loans.

Grants

Grants are money that does not have to be paid back. There are a few different types of grants available to applicants:

Federal Pell Grant

Students who demonstrate financial need are eligible to receive a Federal Pell Grant for up to 12 semesters (or a total of 6 years).

Supplemental Opportunity Grant

The Federal Supplemental Educational Opportunity Grant is available to students who are in dire financial circumstances and require exceptional financial aid in order to attend school.

Iraq and Afghanistan Service Grant

For students who are not PELL eligible due only to less financial need, but whose parent or guardian died as a result of military service in Iraq or Afghanistan after 9/11 and who were, at the time of death, less than 24 years of age.

Loans

Loans are borrowed money which need to be repaid. There are a few different types of loans available to applicants:

Direct Subsidized Loan

Direct subsidized loans are for student borrowers who demonstrate financial need. The U.S. Department of Education pays the loan's interest while the student is in school, as well as during grace and deferment periods. Students with direct subsidized loans do not need to pay interest while they are enrolled in school. This type of loan offers more repayment options than private student loans.

Direct Unsubsidized Loan

Eligibility of direct unsubsidized loans is not based on financial need. The student is responsible for paying the interest on this loan while enrolled in school. This type of loan offers more repayment options than private student loans.

Plus Loan

The Plus loan is a type of loan is for parents of dependent students. The borrower is responsible for all interest on the loan. Plus loans offer more repayment options than private student loans.

Apply Now!

• When visiting schools and deciding which one will be a right fit for you, It’s important to apply for the FAFSA as soon as possible in order to determine the amount of aid you’ll be eligible for.

• To start the application process, please visit the website: studentaid.gov

• Check out our step by step guide on how to apply for the FAFSA!

• The FAFSA code for Rosel School of Cosmetology is 030829

• Do you need an estimate for student aid? Click Here.

FAFSA