FAFSA Form & Financial Aid Form Blog

SAR stands for Student Aid Report. After you complete your FAFSA a SAR report is then generated by the Department of Education on your behalf. So what is this SAR report anyway?

A SAR report, which is emailed to you 3-5 days after your FAFSA has been processed (if you provided an email address) or mailed to you 7-10 days thereafter is your key to the world of financial aid. Your school(s) also receives a copy of your SAR.

The school will then use the information on your SAR to determine your eligibility for grants, scholarships, federal loan options – and possibly nonfederal financial aid funds.

Finally, the school(s) listed on your FAFSA, which offered you admission, will send you an awards letter. The awards letter tells you the type of federal aid you are eligible to receive and how much you will receive. Be sure to review each award letter carefully and compare how much aid you can receive at each school. Every dime you save now will add up by the time you get out of school and begin repayment.

Don’t forget to sign up for a chance to win a $10,000 scholarship for school (Click here). Winner to be drawn on Halloween!

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5 most recent FAFSA Blog posts

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Did you know the U.S. government requires each student applying for federal financial aid to complete a renewal FAFSA each year? And since the FAFSA is the key to determining your financial aid package it is of paramount importance to do so.

The reason a renewal is required is your financial situation or status could change (for better or worse) from year to year and that information must be captured. For example, perhaps one of your parents got a promotion and is able to pay for more or college or last summer’s internship paid very well, and allows you to contribute more to your education. All of this is crucial to determining your awards package.

So don’t forget to do your renewal FAFSA after the first of the new year!

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5 most recent FAFSA Blog posts

Subscribe to RSS headline updates from:

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Did you enjoy this? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to come bak to the site as often. Click here to subscribe for free.

On Halloween night, we’re giving away $10,000 to one lucky student.

Enter the Student Loan Network $10,000 scholarship drawing for free!

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5 most recent FAFSA Blog posts

Subscribe to RSS headline updates from:

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Did you enjoy this? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to come bak to the site as often. Click here to subscribe for free.