So I have finished sending all my information on FAFSA and received an e-mail recently that it sent my information to all schools I listed. These are dumb questions since I have never done this before and I would really appreciate your patience and answers.
- What should I expect to happen next?
- Will FAFSA contact me to let me know how much loan they will give me?
- My family has been financially underachieving. Will I be able to receive any grants? Are grants free money? Do I receive grants from FAFSA or schools (Since each school has information on grant-receiving percentages on lsac, I assumed maybe it's the school that gives me the grants.)?
- FAFSA uses the term "financial aid" and that's what filling out the form is for - to receive financial aids. So this term financial aid is actually just referring to federal loans, not free money, right?