Question

Which statement is true about completing the fafsa?

O responses it is inexpensive so that more people can afford to submit it.
O it is inexpensive so that more people can afford to submit it.
O only the federal government uses this form, not states or universities.
O only the federal government uses this form, not states or universities.
O the form is used to evaluate your qualifications for financial aid.
O the form is used to evaluate your qualifications for financial aid.
O you can only fill it out one time or you will face additional fees.

Answer 1

The true statement about completing the FAFSA is that it is used to evaluate qualifications for financial aid, with states and colleges also using the data to award their own aid. Filling out the FAFSA is free, and it can be done annually without additional fees.

Step-by-step explanation:

The statement that is true about completing the FAFSA (Free Application for Federal Student Aid) is the form is used to evaluate your qualifications for financial aid. The FAFSA form is filled out annually by prospective and current students to determine eligibility for financial aid. Contrary to one of the options provided, it is not true that only the federal government uses this form; many states and colleges use FAFSA data to award their own aid. It is also important to note that there are no fees associated with filling out the FAFSA form, and it can be submitted more than once if necessary, such as for corrections or updates.

Financial aid plays a critical role in providing educational opportunities across the country. According to the Higher Education Act of 1965 and subsequent studies, a significant portion of college students receive some form of federal financial aid, which includes grants and loans. Therefore, submitting the FAFSA can be an essential step in securing the funds needed for higher education.