Develop Financial Literacy and Promote FAFSA Completion

Information is power, especially when making financial decisions. The Free Application for Federal Student Aid (FAFSA) is the key to unlocking public funding for postsecondary education. Schools should develop informational materials and make counselors available to support learners and families in completing and filing the FAFSA form. Trusted community-based organizations, like public libraries, members of the National College Attainment Network, and local United Way branches can also be valuable partners in supporting families with FAFSA completion.

Transparent and accessible information about financial aid is critical in helping learners and families understand the various options available to them. Many learners and families see the high price tag for college tuition but do not know they may be eligible for financial aid, including grant-based aid.1

Currently, 13 states (Alabama, California, Colorado, Connecticut, Illinois, Indiana, Maryland, Nebraska, New Jersey, New York, Oklahoma, Pennsylvania, and Texas) have passed legislation or incentives that require or encourage high school students to complete the FAFSA before graduation.2 These policies often include provisions that allow families to opt out through a formal waiver process. Many states provide alternate forms and state financial aid for immigrant-origin students who are not eligible for federal financial aid.3 FAFSA completion requirements are intended to increase access to financial aid and promote postsecondary enrollment by ensuring that learners receive information about available federal, state, and institutional aid opportunities.