If you are counting on a Stafford loan for the 2010-2011 school year listen up! In order to be eligible for a Stafford loan you must file a FAFSA on or after January 1, 2010. This is just two short days away! The information on the FAFSA helps financial aid officers determine student eligibility for all forms of federal aid including subsidized Stafford loan, unsibsidized Stafford loans, Perkins loans and Pell Grants. It is important to file your FAFSA as close to January 1st as possible since some financial aid is awarded on a first come first serve basis.
If you are a senior in high school or someone going to college for the first time you must complete the full FAFSA form. If you have filed a FAFSA before you only need to complete a FAFSA Renewal. Usually there is no need to complete the entire FAFSA again. The renewal form will reflect any changes in your financial situation since you first submitted the FAFSA. If nothing has changed you still need to submit it, but it should be a very easy process.
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