The US Department of Education awards more than $120 billion in financial aid each year  to students who submit a FAFSA – Free Application for Federal Student Aid. Eligibility for Federal student aid is a complex calculation, based on many factors. Family income is only one element of the determination, and needs-based aid is only one form of available assistance. Furthermore, nearly every student who submits a FAFSA is eligible for some form of financial aid. This means that even if your family wealth is above-average, your student should still submit a FAFSA. Here’s what you need to know.
Why Every Student Should Submit a FAFSA
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