Once I've filled out the FAFSA, do I automatically get aid from someone?

Question

I don't know how this works. Scholarship groups use the FAFSA to determine financial need, right? Does submitting one automatically mean I get a scholarship? Will I be notified about it?

Answer 1

No. It's very important to know that the FAFSA is simply an application, a "tool" that a school or organization will use to determine your eligibility for financial aid. Even then, being eligible for something doesn't mean that you'll receive it. (It's a lot like a college application -- submitting the application form doesn't mean you'll get in.)

If a scholarship organization needs a copy of your FAFSA, you will need to submit it to them (sometimes they'll want electronic results; other times they'll simply want a copy -- make sure you read their instructions). Once they receive your application, they will review and, if you meet their criteria, they let you know what they'll offer you. Scholarship organizations won't always inform you if you're NOT eligible for something. Most schools will let you know either way by sending you an "award letter" listing the types and amount of financial aid that they're offering you. Every school/organization is different, so make sure you read each one's rules.

"Financial need" is a relative term. When you file your FAFSA, it will produce a number called an "EFC," which is basically the dollar amount that you (and your family, if applicable) can reasonably be expected to pay for school. Your financial need is simply the difference between your educational costs and your EFC. For example, if your EFC is $2,000 and your school costs $20,000, then your financial need is $18,000. But if your EFC is $2,000 and your school costs $2,000, you have NO financial need and won't be eligible for need-based financial aid.

Answer 2

I don't think you can send your FAFSA info to anywhere but a school with a college code. So, if your scholarship is connected to your school, they would have the info, but if you apply for scholarship exclusive from school, they will use other info to award it or not. FAFSA is specifically used to determine if you are Pell Eligible (grant) and also is used to determine your need as far as school-based grants. I believe it is needed to get sub and un-sub loans, too. The financial aid office in your school should notify you about your status if you've applied for aid with them and also filled out the FAFSA, but you may be better off calling them for updates/status.

Answer 3

fafsa,pays your school. The schools financial aid program pays you. You will receive your grant money each semester . 12 units full check. $1500.00 and up depending on your income. Scholarships are another deal, you have to beg for those.
Ron