Frequently Asked Questions

First Security Bank's student loan experts, Herb & Barbara, help explain your questions about the financial aid process. Click on the questions below for answers and video tips from Herb & Barbara!

Questions:

1. What is a FAFSA?
2. When can I fill out the Free Application for Federal Student Aid (FAFSA)?
3. I haven't finished my taxes yet. What should I do?
4. Should I pay for help to fill out my FAFSA?
5. Why do I have to provide my parents' information on the FAFSA?
6. What makes a student dependent or independent?
7. If I am a dependent student according to federal aid regulations, whose income do I report? What if I don't live with my parents?
8. I am an older student. Am I eligible to receive financial assistance?
9. Do I have to apply for financial aid every year?
10. Do I have to be admitted to a college to apply for financial aid?
11. I don't think I will be eligible for grant aid; What do I do if I just want a loan?
12. I have received my Student Aid Report (SAR) and it says I am eligible to recieve a Pell Grant. Does that mean I will get aid?
13. I received a letter from a company guaranteeing me scholarships if I pay them a fee. Is this a scam?
14. Are there other sources of financial aid available other than federal aid?
15. HAVE A QUESTION THAT IS NOT ADDRESSED HERE?