Learning how FAFSA works
Students learn about how the Free Application for Federal Student Aid (FAFSA) works by completing a simulation activity.
Big idea
To receive federal financial aid (e.g., grants and loans), you (or possibly your family) must fill out a Free Application for Federal Student Aid (FAFSA).
Essential questions
- How can the FAFSA help you and your family pay for higher education?
- How does your family’s financial situation affect the amount of federal financial aid you may receive?
Objectives
- Understand how the FAFSA helps students and their families pay for higher education
- Analyze financial aid packages to explore how federal aid amounts may differ based on a student’s current family and financial situations
What students will do
- Use the online Federal Student Aid Estimator tool to estimate federal aid amounts for different scenarios.
- Compare the financial aid packages for different students to better understand eligibility criteria for federal financial aid.
Download activity
Teacher guide
cfpb_building_block_activities_learning-how-FAFSA-works_guide.pdf
Student materials
cfpb_building_block_activities_learning-how-FAFSA-works_worksheet.pdf
cfpb_building_block_activities_all-about-FAFSA_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.