The first, and perhaps the most important step, in the financial aid hunt is to apply. Many students miss out on college simply because they never take the time to apply for financial aid. Virtually everyone is eligible for some type of financial aid. But you won't get a cent unless you apply. As its name implies, the form is free and there are no fees for processing it.
Instructions are fairly simple.
Some states and schools may require you to fill out additional forms. Being rejected for federal aid is sometimes a prerequisite for receiving private scholarships or loans. The EFC is the number used to determine your eligibility for federal student aid. Financial aid is awarded on a first come, first served basis. The earlier paperwork is completed, the better your chances for getting priority funding packages.