FAFSA, the Free Application for Federal Student Aid, is a common financial aid application form that is used to apply for financial aid from federal and state governments and most colleges. The application season for FAFSA officially begins on October 1st.
KNOW THE DEADLINES!
For this academic year, 2019-2020, the start date began on October 1st, 2018 and the deadline is on June 30th, 2020. The tax information is from prior-prior year income.
For the next academic year, 2020-2021, the start date began on October 1st, 2019 and the deadline is on June 30th, 2021. The tax information is from prior-prior year income.
FILE YOUR FAFSA ASAP!
Although students have until the end of their academic year to qualify for federal student aid, it is recommended that you fill out and file your FAFSA much, much sooner.
As soon as the start date of October 1st comes around, start filing! If you file your FAFSA later, you can miss out on some forms of financial aid. According to SavingForCollege, “students who file the FAFSA during the first three months tend to get twice as much grants, on average, as compared with students who file the FAFSA later.”
DO YOU KNOW IF YOUR STATE HAS AN EARLIER FAFSA DEADLINE?
Almost twenty states have early deadlines. You can find deadlines for each state by using the FAFSA Deadlines Tool.
WHEN IS YOUR COLLEGE’S PRIORITY DEADLINE?
Sometimes called priority deadlines, some colleges may have earlier deadlines for their own financial aid funds. Although, these colleges must continue to use the government deadlines for federal and state aid. Make sure you know when your college’s deadlines are!
GET YOUR FAFSA ID EARLY!
You and your parents can get your FSA ID before October 1st. This is an electronic signature that is used to sign the FAFSA. If you get your FSA ID before October 1st, you and your parents can avoid problems associated with using an FSA ID later. This must be updated and renewed every 18 months!