Let’s face it, the FAFSA is time consuming and can be overwhelming. So, it’s quite tempting to skip filling out the federal government’s financial aid application if possible. While you can get student loans without filling out the FAFSA, they may not be the best loans for your financial circumstances. You can obtain a private student loan without filling out the form, but if you want to get a Federal Student Loan or a Parent PLUS Loan, you must fill out the FAFSA.
When the FAFSA Is Required for Loans and Aid
When you apply to college, you can get various responses:
• Subsidized Federal Student Loans
• Unsubsidized Federal Student Loans
• Parent PLUS Loans
• College Grants and Financial Aid – Colleges require the completion of the FAFSA and/or the CSS in order to obtain grants, and financial aid monies
• College Scholarships – Some colleges require that you have a FAFSA on file in order to receive merit funds awarded from a school