WHY CANʼT STUDENTS JUST GET
ANOTHER LOAN OR SCHOLARSHIP?
Financial aid is awarded to students at every college and university in the United States when the student completes a Free Application for Federal Student Aid, or FAFSA. It is required to received scholarship funding or access to student loans. It also requires not only the student’s parents Internal Revenue Service information on annual income, but also their signatures — until a student becomes officially “independent” of their families income, at age 24, two years after most students graduate. The 130-question FAFSA, with their parents’ information and signatures is required their whole college career. Without the signatures, no financial aid.