The FAFSA is the form used to apply for Pell Grants and other need-based aid. As the name suggests, there’s no fee to file the FAFSA.
The FSA ID is a username and password that has replaced the Federal Student Aid Personal Identification Number (FSA PIN) and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents.
To receive federal financial aid funds, students must meet the minimum academic requirements set by the U.S. Department of Education. Failing to maintain an academic standing consistent with the school’s SAP policy will make meeting graduation requirements unlikely as well.