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How Does the FAFSA Work?

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Functional GroupFinancial Aid
Completing the FAFSA is the first step in the financial aid process. It is considered a snapshot of your family's financial situation and is how universities determine how much federal student aid you qualify to receive. The FAFSA allows you to be considered for federal, state and institutional grants, Federal Work-Study, and student and parent government loans. You apply for scholarships separately; however, some scholarships are awarded based on financial need and require a FAFSA to be submitted. Your financial need is determined after ASU receives your FAFSA.

The FAFSA will open every Oct. 1 for the next academic year (i.e., August - May). You must complete a new FAFSA each academic year that you wish to be considered for financial aid. ASU's FAFSA priority filing date is Jan. 15. ASU's Federal School Code is 001081

Additional documentation may be requested once you submit your FAFSA. Be sure to log in to My ASU, select the Finances tab and check the Financing Tasks box to see if any documentation is requested. You will also receive an email at your ASU email address if documents are required. Once all documents have been submitted and accepted, your financial aid file will be considered complete and you will receive a Financial Aid Notification by email.

Your awards will also be posted on My ASU, under the Finances tab, in the Financial Aid and Scholarships box.

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