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Financial Aid Resources: FAFSA Myth vs. Fact

While supporting incoming and current students through the financial aid process including determining their eligibility for Federal Student Aid, our Financial Aid Advisors occasionally encounter misconceptions that can often lead to setbacks within a student's enrollment process.

University of Advancing Technology (UAT) is here to provide you with resources to get through your Free Application for Federal Student Aid (FAFSA) application successfully, create a financial aid plan, identify funding options and more. But first, let's advance you forward by busting some common FAFSA myths so you don't get held up. 

Common FAFSA Myths

Myth: Filling out the FAFSA is challenging and takes a really long time to complete.

Fact: If you're prepared with all the necessary information you will need ahead of time, the application should be easy and only take around 30 minutes to complete. 

 

Myth: If I'm under 24 years old, a dependent or married, the parent or spouse required to provide their information on my FAFSA will be tied to and liable for my student loans. 

Fact: This is not true. The FAFSA is a free application to determine federal student aid eligibility only and does not bind anyone to any financial lending or loan contract. 

 

Myth: I won't receive eligibility for financial aid if my or my parent's income is too high, so I don't need to fill out the FAFSA. 

Fact: While income is one determining factor, you shouldn't skip on the FAFSA for that reason alone. The only way to know for sure is by filing your FAFSA. 

 

Myth: My parents and/or I need to file taxes for the current year before I can submit my FAFSA.

Fact: The FAFSA requires tax information from two years prior, so there is no need to delay if you haven't filed taxes for the current or previous year yet. 

 

Myth: If I receive a FAFSA verification request, something is wrong with my application. 

Fact: If you receive a FAFSA verification, do not worry as verifications are sometimes chosen at random. If you are having trouble completing your verification request, reach out to your UAT advisor for help! 

Get Started on the FAFSA

Filling out the FAFSA is easier than ever. With a user-friendly online application or mobile app, you can have yours completed and processed quickly to understand what funds are available to you. Start your FAFSA application now

Don't forget to use the University's (UAT) FAFSA Code: 017188 to have your information sent back to UAT.

Financial Aid Resources

Check out UAT Financial Aid Resources or Tuition pages to answer additional questions you might have. For official FAFSA information, find it all here.

Want to talk to someone? Schedule a private meeting with a Financial Aid Administrator

Register for our upcoming UAT Financial Aid Workshop events through our Eventbrite.

And, if you haven't, apply to UAT today! 

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