So you have taken the first step towards securing financial aid for your college education, you have completed your FAFSA form and clicked “submit”, yaaaaaaaaaaaaaaaahhhhh! So know many are left wondering, “what happens next”? If this thought has crossed your mind, do not worry, you are not alone. The difficult part on your end is over, and now basically all you have to do is wait.
Two things will happen: FAFSA will either mail you a paper Student Aid Report (SAR), or you will receive an e-mail that lets you access your electronic Student Aid Report.
Your Student Aid Report will contain either a request for further information or a number called the Expected Family Contribution (EFC). Your college will now use your EFC to determine the amount of federal grants, student loans, and/or work-study awards for which you may be eligible.
Sometimes your school, your state, or Federal Student Aid may ask you to verify the accuracy of the information you gave on your application, but other than that you are in the home stretch my friend!
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