Time is Running Out to File Your FAFSA | 05.12.10
If you aren’t already aware, June is the recommended deadline to file your FAFSA for the 2010-2011 academic year. Although you can file it any time during the year, it is important that your school receive your Student Aid Report (SAR) early on in their financial aid planning process. The later you wait to file your FAFSA, the lower your chance to be awarded the maximum amount of financial aid possible.
For the most part, this refers to eligibility for school-based financial aid more than federal. Many colleges use the information contained in your SAR to determine your financial need and subsequently award funds based on this information. Thus, you’re only reducing your chance to get extra money for school by waiting to file your FAFSA.
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