According to a StarTribune article published December 19, the number of high school seniors who have filed a FAFSA form – the Free Application for Federal Student Aid – was down 14 percent over this time last year. The FAFSA became available on October 1, and while there is still time to submit it, the earlier a student files the form the better.
The FAFSA is the portal to federal grants and loans as well as financial aid from states and individual colleges. Another important thing to keep in mind is that some states and colleges have earlier deadlines for scholarships applications (which often require a FAFSA form). These scholarships are often awarded on a first-come, first-served basis. So the sooner a student completes the form, the more likely they are to receive scholarship funds.
Some experts believe the shift to virtual learning has hampered students’ ability to file timely FAFSAs. … Read More