FAFSA stands for “free application for federal student aid,” and it’s basically a standardized form that will help you find out what kind and how much aid will be available to your student. Colleges and universities use it as a basis for the tuition packages they offer, and nearly every scholarship, work-study and other dispenser of student aid also uses it. Bottom line? If you’ve got a kid going to college, you’re going to need it, so fill it out as early as possible, especially since some grants are first come, first served. You can get the form from any college, or you can fill it out online www.fafsa.ed.gov.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.