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So you've filled out the FAFSA. Now what? The information you submitted will be processed by the U.S. Department of Education's office of Federal Student Aid, and the colleges or career schools you listed will be notified so they can begin their process of awarding aid. The great thing about filling out the FAFSA online is that you can check its processing status immediately. This comes in handy when you're thinking, "I wonder if it went through." Within a few days of filling out the FAFSA, you'll get your Student Aid Report (or SAR). You'll hear that abbreviation again, so just remember, your SAR is your Student Aid Report. Basically, it summarizes all of the information you submitted on the FAFSA. You can access your SAR online at FAFSA.gov using your FSA ID (which is your user name and password). Check your SAR for any mistakes. Then make corrections if you need to, but only if you estimated your tax information or provided incorrect information the day you filled out the FAFSA. On your SAR, you'll see reference to your EFC or Expected Family Contribution. This number is used to determine your eligibility for federal student aid; it doesn't mean you actually have to contribute that amount. The financial aid office at each college or career school you list on your FAFSA will receive your information. Each office will then use your FAFSA information to determine how much aid you can get at that school. It's possible that your college or career school may require you to verify the information you submitted on your FAFSA. If that happens, your school will tell you what you need to do. Once you're accepted into a college or career school, you'll get an award letter from the school's financial aid office that explains the aid being offered to you. We'd recommend comparing award letters from multiple schools. That way you can make the best decision for your situation. If you have any questions about your financial aid offer, contact the school's financial aid office. If your aid offer includes a federal loan and you're a first-time borrower, there are a few more steps before you get your loan. You'll need to complete entrance counseling and sign the Master Promissory Note (or MPN), which is your agreement to pay back the loan. Your school will provide you with the necessary information. So, how do you get your money? Well, usually, your grants and loans will be applied to tuition, fees and other charges on your student account first. Then any leftover money is paid to you. Work-study funds are earned throughout the term. Remember, filling out the FAFSA is not a one-time thing; you must complete it every year you attend school. If you have questions or need more information, please visit StudentAid.gov.