Many college students mistakenly assume that the FAFSA—or the Free Application for Federal Student Aid—only applies to first-year students or those strictly qualifying for need-based aid. However, the FAFSA is actually renewable for up to 6 years, and everyone is encouraged to apply, regardless of income!
The crucial thing to remember is that you must resubmit your updated application every school year in order to remain eligible. Below, I’ll discuss some key dates and tips to remember to help you get started with the FAFSA!
Just go to the studentaid.gov website to create your free account and get started. Chances are, amidst classes, finals, and, finally, the long-sought winter break, you'll forget to apply by the priority deadlines.
Instead, jot down October 1st on your planner and complete that application right away. Once you’ve become familiar with its format, and depending on whether you have all your documents with you, it shouldn’t take longer than 45-60 minutes.
Your university’s financial aid office requires the FAFSA to grant any need-based aid. As such, they want the data to be as correct as possible.
Many universities offer student aid counselors to go over any questions you may have, including filling out the FAFSA. Additionally, some schools even send out reminder emails when the application is about to open and can set aside specific days to help you fill out the form, so keep an eye out on your inbox for tips and reminders.
As mentioned earlier, as long as you have all your documents prepared, and once you've become familiar with the format, it shouldn't take long to complete the form.
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