Fiction: Once the school year starts, itís too late to apply for financial aid.
© Copyright 2015 Commonwealth Financial Network
Fact: The earliest date to submit the Free Application for Federal Student Aid (FAFSA) is January 1 prior to the start of the academic year, and the deadline is 18 months from then. Although many colleges establish preferential filing deadlines for maximum consideration, a later application may still result in a financial aid award. At minimum, a "better late than neverĒ filing will give the student a chance of being considered. Keep in mind, however, that an earlier application will likely reap greater benefits. Colleges have different guidelines, so be sure to confirm the procedures with the schools to which you are applying.
Back to Archive