You should correct your FAFSA data if you made an error, if there are changes to your financial or personal information, or if you receive a request for verification from your school. It's important to update your information promptly to ensure you receive accurate financial aid awards.
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Your FAFSA information is used by the U.S. Department of Education to determine your eligibility for federal student aid, such as grants, loans, and work-study programs. The information is also shared with the schools you list on your FAFSA so they can determine your financial aid package. Additionally, some states and institutions may use the data to determine eligibility for their financial aid programs.
The Data Release Number (DRN) is a four-digit code that allows students to release their FAFSA information to specific schools or individuals. It provides a secure way to authorize the sharing of your financial aid data with designated parties for verification or processing purposes. It is a unique identifier that helps protect your privacy and control the dissemination of your FAFSA information.
The FAFSA sends a Student Aid Report (SAR) to schools, which includes the Expected Family Contribution (EFC) and the financial information provided on the FAFSA form. Schools use this information to determine a student's eligibility for financial aid.
You can find information about the Free Application for Federal Student Aid (FAFSA) on the official website: fafsa.ed.gov. Additionally, you can access resources and guidance on completing the FAFSA form on websites such as studentaid.gov and finaid.org.
Providing false information on the FAFSA is considered fraud. Consequences may include fines, imprisonment, repayment of improperly awarded funds, ineligibility for federal student aid, and damage to your academic and professional reputation. It is important to be honest and accurate when filling out the FAFSA.