category: Dawg Blawg FAFSA FAQ’s By Gardner-Webb University On July 20, 2021 Completing the Free Application for Federal Student Aid (FAFSA) is an essential part of your college admissions process. It’s important for two main reasons: It will show you what federal financial aid you’re eligible for. It’s an essential piece of your overall financial aid package from GWU. The FAFSA opens on October 1, and aid is distributed on a first-come, first-serve basis. That means the earlier you apply, the more assistance you could be eligible for. Don’t miss out on your full financial potential because you were confused about the process. We’re taking frequently asked questions about the FAFSA and answering them, crystal-clear. What is it? The FAFSA, or Free Application for Federal Student Aid, is a form that you complete via the FAFSA.gov website. It is the most important thing you can do if you’d like to receive federal financial aid to help pay for your education. When does the FAFSA open? It officially opens on October 1! Remember – the sooner you fill it out, the more aid you may be eligible for. Funding is distributed on a first-come, first-serve basis. Why should I fill it out? You should fill it out if you’d like to receive federal financial aid. There are a variety of types of federal aid that you may be eligible for, outside of traditional student loans. You won’t know what you qualify for, or how much you qualify for until you complete the FAFSA. What happens after I complete it? After completing your FAFSA, it can take anywhere from three days to three weeks for your application to be processed. Your information is sent to the schools that you list on the application. Once those schools receive your information, they will factor any available federal financial aid into your overall financial aid package. This will help you gain a complete understanding of your financial aid package at the universities you had your information sent to. GWU’s school code is 002929! Still have questions about the FAFSA or financial aid in general? Check out GWU’s financial aid page for additional resources.