When it comes to submitting the FAFSA, it holds true that the early bird gets the worm (or in this case, the money).
Those who apply for financial aid early in the year:
- Receive their financial aid eligibility results earlier.
- Open more opportunities to earn scholarships and grants with early deadlines.
- Have one less item on their “To-Do Before College” list.
Remember, some types of financial aid, including the Oklahoma Tuition Aid Grant (OTAG), are first-come first served. It’s important to submit your FAFSA as soon as possible after Oct. 1 to make sure you miss out on any financial aid opportunities. However, many other types of financial aid are available throughout the year, so be sure to apply even if you think you may be too late.
As the parent of a high school senior, you know your child will soon learn what it means to lead an independent life. However, when it comes to completing the FAFSA, unless they answer “yes” to any of the questions regarding student dependency, they’re probably considered “dependent” on your finances (though special circumstances may apply).
We understand the reservations you may have about providing sensitive information on the FAFSA; especially when submitting it electronically. However, refusing to complete your part of the FAFSA for your dependent student could prevent your senior from getting financial aid to help pay for college.
Keep in mind that electronic completion of the FAFSA can save you time and help prevent errors. And, FAFSA.gov goes to great lengths to secure your information. But, if you are uncomfortable with submitting your personal information online, you do have the option to mail a paper copy of the form. However you choose to submit the FAFSA, be sure to do so as soon as possible after Oct. 1 to help maximize your child’s potential sources of financial aid.
To learn more about your filing options, visit fafsa.ed.gov/options.htm or call 1-800-4-FED-AID.
We get it. You may not think of fun when you think about the FAFSA. Few folks enjoy paperwork, and the FAFSA requires time, personal information and answers to tricky questions. But, like so many other aspects of adult life, there’s no reward without effort. If you need money to help pay for college, the FAFSA is the place to start. You must complete the FAFSA to find out if you’re eligible for federal (and some state) financial aid.
If you don’t complete the FAFSA, here’s what you could miss out on:
- Work-study opportunities
- Low-interest student loans
- State Aid
If you’re planning to go to college this fall, submit the FAFSA as soon as possible to help maximize your financial aid offers. Save yourself some time by completing the form online at FAFSA.gov.