Should I complete a FAFSA form?

If a student will not qualify for financial aid, is there a need to fill out the FAFSA? Could filling out the FAFSA lower the amount of merit based scholarships?

Yes, you should fill in a FAFSA form.

Many middle income families don’t want to bother with the FAFSA form because they have heard that only students from families earning less than about $50,000 get federal grants.

But the FAFSA also qualifies students of all income levels for lots of other financial aid that is awarded no matter how much, or little, the family makes.

While you may not qualify for federal aid, you should fill out the FAFSA form because you may qualify for other kinds of scholarships and grants as well as cheap federal loans.