What is the FAFSA? | Campus, formerly MTI College (2024)

What is the FAFSA?

The FAFSA is the Free Application for Federal Student Aid.

This is the form you fill out to get financial aid from the federal government to help you pay for college. The types of financial aid you may receive include loans, scholarships, grants, and work study. If you have your information ready, the entire process takes about 30 minutes.

The FAFSA asks questions about your family's finances and tax returns, in order to determine how much financial aid you are eligible for. The FAFSA is administered by the Department of Education, and they share the results with your college's financial aid office.

FAFSA Facts

  • The FAFSA is free. You do not need to pay anyone to prepare it for you.
  • You must fill out the FAFSA for each upcoming academic year to receive financial aid for that year. For every year you attend college, you must fill out the FAFSA.
  • Millions of dollars in financial aid is left on the table by students who do not file the FAFSA.
  • You do not need to be struggling or have tight finances to qualify for financial aid through the FAFSA. You or your family can earn a very significant income and you can still qualify for some form of financial aid.
  • After being accepted by your college, you will receive your financial aid package.

Who Should Fill Out the FAFSA?

If you are going to be a college student in the upcoming academic year, you should fill out the FAFSA. You will not know if you qualify for federal financial aid otherwise. Everyone who fills out the FAFSA is eligible for, at a minimum, low interest federal loans for college. There is literally no downside to filling out the FAFSA.

FAFSA Processing Time

If you have filled out the FAFSA electronically and signed with a Federal Student Aid (FSA) ID, your school will receive your FAFSA after two days.

If you are unable to sign electronically with an FSA ID, contact your school and they will help you complete your FAFSA submission.

Federal School Codes

The FAFSA Code for Campus, formerly known as MTI College, is 008680.

How to Fill Out the FAFSA

There are three main ways you can fill out the FAFSA:

IRS Retrieval Tool

When you fill out your FAFSA, if you are eligible to use the IRS Data Retrieval Tool (IRS DRT), you will a “Link to IRS” button to import your tax information into the FAFSA. This is the fastest way to fill out the IRS information. More information can be found at https://studentaid.gov/resources/irs-drt-text.

Understanding FAFSA Deadlines

The FAFSA is made available each year on October 1st for the upcoming school year. For federal financial aid via FAFSA, you can apply anytime from October 1st through the end of the academic year. However, to qualify for state financial aid, like Cal Grants, you must apply before March 2nd of the academic year.

Below are the current academic years, and the deadlines to fill out your FAFSA to qualify for both federal and state financial aid. You should fill out a FAFSA if you will be attending school anytime within the dates of attendance listed.

Academic YearDates of AttendanceFAFSA AvailableDeadline to Submit FAFSATax Filing Year
2023-24July 1, 2023 – June 30, 2024October 1, 2022March 2, 20232021
2024-25July 1, 2024 – June 30, 2025October 1, 2023March 2, 20242022

*In California, you can still submit the FAFSA after the March 2nd deadline through June 30th. However, you may not be considered for a Cal Grant if you do so.

More FASFA and Financial Aid Resources

FAFSA https://studentaid.gov/h/apply-for-aid/fafsa
Complete the FAFSA form, find FAFSA help, see announcements and FAFSA deadlines.

FSA ID https://studentaid.gov/sites/default/files/creating-using-fsaid.pdf
You will need to create a FSA ID in order to fill out the FAFSA form.

Who Is My “Parent” When I Fill Out the FAFSA? https://studentaid.gov/sites/default/files/fafsa-parent.pdf
This guide helps you determine what information to fill out on the FAFSA when you are considered a dependent. If you have a parent or guardian who you claims you as a dependent, this guide will help answer some questions.

Federal Student Aid https://studentaid.gov/resources
Fact sheets, publications, online tools and other resources to help you apply for financial aid for college or trade school.

StudentAid.gov https://studentaid.gov
At this site students do everything from applying for aid, completing the loan Master Promissory Note, viewing loan balances, identifying their loan servicer and much more.

IRS Transcripts https://www.irs.gov/individuals/get-transcript
You can get your IRS Transcripts here. You will need some personal information, like your social security number to access this.

FinAid.org https://finaid.org
Information on financial aid for college and tips on how to ease the expenses of a college education.

What is the FAFSA? | Campus, formerly MTI College (2024)

FAQs

What are the three types of FAFSA? ›

Types of Aid
  • Grants: Financial aid that generally doesn't have to be repaid.
  • Loans: Borrowed money for college or career school; your loans must be repaid with interest.
  • Work-Study: A federal work program through which undergraduates and graduate students at participating schools earn money to help pay for school.

What is the FAFSA for college? ›

Before each year of college, apply for federal grants, work-study, and loans with the Free Application for Federal Student Aid (FAFSA®) form. Your college uses your FAFSA data to determine your federal aid eligibility.

What does MTI College offer? ›

MTI College is a community-based institution with thousands of Sacramento area graduates that offers respected vocational training in the areas of healthcare, law, information technology, business, cosmetology and barbering.

What is MTI College ranked? ›

#50 out of 1,319. This makes MTI College a top 5% school for students. The Best Colleges Ranking was created to help students find the best quality colleges in the U.S.

What is the difference between financial aid and FAFSA? ›

Financial aid is any form of funding that helps you pay for college, including scholarships, grants, loans and work-study programs. You have to complete the Free Application for Federal Student Aid, known as the FAFSA, to be eligible for most forms of financial aid.

What's the most FAFSA can give you? ›

The amount of money you can get by filing the Free Application for Federal Student Aid (FAFSA) depends on your financial need. But, the maximum amount can be in the low tens of thousands of dollars per year. Average amounts are about $9,000, with less than half of that in the form of grants.

Who usually qualifies for FAFSA? ›

Basic FAFSA eligibility requirements

Be a U.S. citizen or eligible noncitizen with a valid Social Security number (with certain exceptions). Have a high school diploma or a GED certificate. Be enrolled or accepted for enrollment in a qualifying degree or certificate program.

Is FAFSA a loan or free money? ›

It is not the financial aid itself. However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid. There are three main types of financial aid.

Does every college student get FAFSA? ›

"So if you want federal loans, federal grants, federal work-study, you have to do the FAFSA." Nearly all students who apply qualify for some form of federal financial aid.

How hard is it to get into MTI? ›

In terms of admission statistics, MTI College has an acceptance rate of 81%, placing it in the top 5%. The total enrollment is 176 students, with 29 men and 147 women.

What is the ranking of MTI University? ›

MTI University (Modern University for Technology and Information)
MTI University (Modern University for Technology and Information) Ranking According to# in 24,323 all type institutions in World# in 1,491 all type institutions in Africa
Total H index12,665634

What school is MTI in Florida? ›

McDougle Technical Institute | Pompano Beach FL.

How much is the tuition fee at MTI University Egypt? ›

A- The Tuition Fees are 21.000 (Egyptian pounds) per semester. B- Foreign Student paid all Tuition Fees by Sterling pounds, In addition to 1000 Sterling pounds paid once at initial registration. - All Fees paid in Sterling pound according to the exchange rate announced in payment day.

Who is the rival of SUNY Maritime college? ›

KINGS POINT, N.Y., September 19, 2022 – The United States Marine Academy (USMMA) at Kings Point and State University of New York (SUNY) Maritime College have begun a sports rivalry series with the establishment of a new victory trophy to be awarded annually to the institution that wins the most sporting match-ups ...

What is University of Minnesota Twin Cities college of Science and Engineering ranked? ›

University of Minnesota--Twin Cities 2024 Engineering Program & Specialties Rankings. University of Minnesota--Twin Cities is ranked No. 36 (tie) out of 199 in Best Engineering Schools. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.

What are the 3 types of FAFSA deadlines? ›

2024–25 FAFSA® Deadlines
  • Federal Deadlines. The FAFSA form must be submitted by 11:59 p.m. Central time (CT) on June 30, 2025. ...
  • College and Career/Trade School Deadlines. Each college and career/trade school may have its own deadline. ...
  • State Deadlines. Each state has its own deadline. ...
  • Federal Deadlines.

What are three categories of federal aid? ›

Apply for federal student aid—grants, work-study, and loans—using the Free Application for Federal Student Aid (FAFSA®) form.

What is Step 3 of the FAFSA? ›

Filling Out the FAFSA. Step One: General Student Information. Steps Two and Four: Income and Assets. Step Three: Dependency Status. Step Four: Parents' Information (Dependent Students Only)

Which FAFSA form do I choose? ›

Select the school year for which you are applying for financial aid. The school year you select should correspond to the Free Application for Federal Student Aid (FAFSA®) form you will complete. For example, if you're applying for federal student aid for the 2024–25 school year, use the 2024–25 FAFSA® form.

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