<p>duder…even IF you qualify for the maximum amount of federal aid (which is what the FAFSA formula is used for), you would not have enough money to cover full tuition, room, board, fees and books at a residential college. You might have enough to cover the costs of a community college for the year…while commuting from home.</p>
<p>And for the record…FAFSA does NOT give money. It is a financial aid application document that collects income and asset information that is used to award federal money by the colleges.</p>