What Do I Need to Know Before My Child Starts the FAFSA?

Strictly speaking, filling out the FAFSA is not required to attend college. However, the FAFSA is a requirement for most need-based financial aid and many scholarship programs. 83.8% of first-time, first-year undergraduate students receive financial aid in some form. Each student borrows an average of $11,836 annually to pay for school. Public university attendees borrow an average of $30,030 each to attain a bachelor's degree. Given the high tuition, even a family with solid financial standing can qualify. Give iWealth a call with your financial questions.