Once you submit the FAFSA, you can breathe a sigh of relief as you check this off the to-do list. Your FAFSA will be processed within three to five days. After that time, you will receive an email with a link to your Student Aid Report (SAR), which will include a summary of your application and let you know if there were any issues that still need to be resolved. If your application is complete, then the SAR will display your Expected Family Contribution (EFC), which is then used to calculate your financial aid eligibility at each institution
Although it may appear that you’ve completed everything at this stage, there may still be more to the application process. After you submit your FAFSA, you may be selected for Financial Aid Verification.