The Free Application for Federal Student Aid (FAFSA) opened to high school seniors and 2021-2022 college students on Oct. 1! Even though we’re just a month into the 2020-2021 school year, colleges are about to open their application and financial aid for next year.
If you don’t get your FAFSA application in, that means no federal aid for your education. That includes Federal Direct Student Loans, Pell Grants, Work-Study or any other federal student aid program.
Some colleges require the FAFSA and CSS Profile to be filed at about the same time that Early Decision or Early Action applications are due. Be sure you know the relevant deadlines well in advance. Missing financial aid deadlines, even by a day, will likely result in a student not being considered for aid.
Many states provide need-based grant programs to students with low income based on data provided on the FAFSA. While the federal FAFSA is available beginning October 1, not every state will have their grant budgets passed for the 2021-2022 academic year. Be aware of any financial aid awards relying on estimates for state-based funding as they may be subject to change based on final state budget legislature.
Banzai! Direct offers a great tool to help students with FAFSA applications. Check it out to learn more.