I got my SAR from FAFSA back, now what do i do?

Question

my EFC was 0 and it says i'm eligible for all these grants and stuff. but what do I have to do now? anyone i have to call or anything more i have to fill out? please help! anyone who has had experience with this and can give me a good answer will get 10 points

Answer 1

You should now contact your colleges financial aid office to see if they need any additional information from you to process your application and get an "Award Letter" issued to you.  This letter will give you exactly the kinds and amounts of financial aid you will be offered.  It will give you an opportunity to "Accept" or "decline" each line item.  If it says GRANT, then you want to accept that one because you don't have to pay it back.  If it says LOAN, you would want to see if the grant would otherwise cover your tuition without resorting to loans that you have to pay back.