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APPLICATION FOR EDUCATIONAL SCHOLARSHIP THE HATTERSCHEIDT FOUNDATION, INC 2024/25 SCHOOL YEAR GUIDELINES 1.The recipient must be a South Dakota Resident, graduating from a South Dakota High School

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How to fill out need-based financial aid

01

Gather all necessary financial documents such as tax returns, W-2 forms, and any other income documentation.

02

Fill out the Free Application for Federal Student Aid (FAFSA) form online or in paper form.

03

Provide accurate information about your family's income, assets, and household size on the FAFSA form.

04

Submit the FAFSA form before the deadline to be considered for need-based financial aid.

Who needs need-based financial aid?

01

Students who come from low-income families

02

Students who do not have significant financial resources to pay for college expenses

03

Students who demonstrate financial need based on their family's income and circumstances

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What is need-based financial aid?

Need-based financial aid is financial assistance provided to students based on their financial need, which is determined by their family's income, assets, and other factors.

Who is required to file need-based financial aid?

Students seeking financial aid to attend college or university, particularly those who require assistance to cover tuition and other educational expenses, are required to file for need-based financial aid.

How to fill out need-based financial aid?

To fill out need-based financial aid, students typically need to complete forms such as the Free Application for Federal Student Aid (FAFSA) or the CSS Profile, which require detailed financial information about the student and their family.

What is the purpose of need-based financial aid?

The purpose of need-based financial aid is to make higher education accessible to students from diverse economic backgrounds by providing financial support based on their unique financial circumstances.

What information must be reported on need-based financial aid?

Students must report information such as family income, assets, tax returns, and details about family size and number of family members attending college.

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