What is the purpose of the FAFSA? ) To apply to an institute of higher education and access aid from that school To access loans from your local bank and the federal government To apply for community-based scholarships and loca bankloans To access need-based federal aid, including federal loans

## Step 1<br />The Free Application for Federal Student Aid (FAFSA) is a form that current and prospective college students in the United States can fill out annually to determine their eligibility for financial aid. This aid can be in the form of grants, work-study programs, and loans.<br /><br />## Step 2<br />The FAFSA is not used to apply to an institute of higher education. Instead, it is used to determine the amount of financial aid a student is eligible for.<br /><br />## Step 3<br />The FAFSA is not used to access loans from a local bank or to apply for community-based scholarships and local bank loans. These are separate processes that are not directly related to the FAFSA.<br /><br />## Step 4<br />The FAFSA is used to access need-based federal aid, including federal loans. This is the primary purpose of the FAFSA.