FAFSA and You | 02.12.10

Posted in FAFSA, Financial Aid By Student Loan Network Staff

To open, I’d like to ask a simple question: Have you filed your FAFSA yet? If no, you should know that the FAFSA is one of the most valuable financial aid tools in a student’s arsenal (besides scholarships and grants, which are the best) because it shows the government and your school that you need money for college.

In the eyes of your future school, neglecting to file a FAFSA is equivalent to leaving a gigantic tip on on a small meal – you only do it because you don’t care, or money is no object. Depending on your level of need, there is potential to get a significant portion of your cost of attendance financed at attractive interest rates, and/or qualify for a Pell Grant, which you do not need to pay back. Also, the FAFSA applies to both undergraduate AND graduate students.

So why the urgency? “I read on the Government website that my FAFSA isn’t actually due until June 30, right?” — Technically yes, but the real answer is no. In the case of colleges and universities, the financial aid department of your school will actually set a separate financial aid deadline in order to give themselves enough time to put together everyone’s aid packages.

The bottom line: The longer you wait to file your FAFSA, the less chance you have of receiving an excellent financial aid package from your school. Also, be on the lookout for a separate school-only financial aid form – sometimes they require more than just the FAFSA to evaluate your need; you can contact your financial aid office to ask if there are more forms involved.

One last thing! Don’t forget to send your FAFSA to all the schools you applied to. When you are completing the application, there will be an option toward the end to add the receiving schools by school codeā€¦ just make sure you get them all in there and you will be A-OK paperwork-wise when your school begins to review financial need.

ScholarshipPoints Redemption Code: FAFSA2K10


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187 Responses to “FAFSA and You”

  1. Chay says on April 6, 2010 at 12:41 am:

    Which fafsa wasnt soo strict on who is eligible to recieve aid. My dad pays for me and my sister who is also in college out of pocket and he gets NO HELP.

    Reply To This Comment
  2. Evie says on April 5, 2010 at 2:49 pm:

    I applied 4 weeks ago but unfortunately it does not help. I am always short for assistance.

    Reply To This Comment
  3. Gina says on April 5, 2010 at 1:38 pm:

    I am not sure how much money I will need for law school but I hope I have enough and to cover living expenses.

    Reply To This Comment
  4. chee says on April 2, 2010 at 7:52 pm:

    At times it's still very confusing and sometimes a hassle depending if I got all the information I need to fill it out, however, FAFSA has been a life saver.

    Reply To This Comment
  5. Heather says on April 1, 2010 at 10:34 pm:

    Still working on filling out my fasfa

    Reply To This Comment
  6. sabrina l says on March 31, 2010 at 2:42 pm:

    FAFSA is very helpful :)

    Reply To This Comment
  7. winnie says on March 28, 2010 at 10:36 pm:

    FAFSA could be a bit stressful. But it helps out, A LOT.

    Reply To This Comment
  8. dianna says on March 24, 2010 at 6:29 pm:

    fafsa is the best thing u can do!!!

    Reply To This Comment
  9. brittany quintana says on March 24, 2010 at 1:30 am:

    been there done that

    Reply To This Comment
  10. Michael says on March 24, 2010 at 4:11 am:

    Fafsa is a necessity, just give it a trial and zap…… It worked for me, I believe it will work for you too.

    Reply To This Comment
  11. Bianca says on March 22, 2010 at 4:34 am:

    Filled out the Fafsa and I'm very thankful for the money I'm eligible to receive!

    Reply To This Comment
  12. tina says on March 20, 2010 at 12:49 am:

    FAFSA is truly helpful. It doesn't hurt to apply!

    Reply To This Comment
  13. sanoia says on March 19, 2010 at 6:21 pm:

    FAFSA was extremly helpful and I was very happy that I applied. The only thing was now I wish I wouldve signed up for so many classes.

    Reply To This Comment
  14. Kenny says on March 19, 2010 at 2:33 pm:

    The FAFSA site is finally getting a lot smoother to use & I did complete my app Fri! I hope I get approved to attend a fla school to further my Education This summer in 2010+

    Reply To This Comment
  15. hill says on March 17, 2010 at 5:50 pm:

    I completed the FAFSA in January. Still waiting to hear from my schools of choice, however, I don't expect to receive anything, my EFC is high.

    Reply To This Comment
  16. Katie K says on March 16, 2010 at 10:57 am:

    It's very simple,and its true,the sooner you get it in and complete all the steps your school requires, the higher up on the list your name will be when it comes to handing out the award packages,first come first serve!!!

    Reply To This Comment
  17. Reko says on March 16, 2010 at 5:30 am:

    Yay! I did it already!
    But I didn't know that the FAFSA
    gives money to both undergraduates and graduates?!
    Does that mean I can apply again?
    This gives very easy steps in order to fill out the FAFSA.
    Thanks!

    Reply To This Comment
  18. dheka says on March 14, 2010 at 7:35 pm:

    hey is the scholarship point thingy true. seriously because they are saying log in, do some survey and you will earn points.

    Reply To This Comment
  19. kaleigh says on March 14, 2010 at 12:57 am:

    I didn't receive any money from FAFSA unfortunately, but I'm sure it helps many people.

    Reply To This Comment
  20. Andrew says on March 13, 2010 at 7:39 pm:

    This is done and submitted to my school selections.

    Reply To This Comment
  21. thilye says on March 12, 2010 at 4:02 am:

    already filed!woot!

    Reply To This Comment
  22. Angelica says on March 9, 2010 at 10:05 pm:

    I do it

    Reply To This Comment
  23. Angelica says on March 9, 2010 at 10:05 pm:

    It's very easy to do

    Reply To This Comment
  24. Mika says on March 9, 2010 at 1:23 pm:

    filed FAFSA!

    Reply To This Comment
  25. Vishal says on March 8, 2010 at 6:49 pm:

    DONEEE

    Reply To This Comment

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