How to Apply for FAFSA®

If you’re considering post-secondary education, completing the Free Application for Federal Student Aid (FAFSA®) is a crucial first step. This application determines your eligibility for various types of federal financial aid, which can help cover tuition, books, housing, and other school-related expenses. Additionally, many state governments and colleges use FAFSA information to award their own financial aid packages. The current FAFSA form is currently available and open for application by potential students.

Filling out the FAFSA as early as possible ensures you have the best chance of securing aid since some funds are distributed on a first-come, first-served basis. Even if you think you might not qualify for need-based aid, it’s worth submitting the application—many scholarships and programs require a completed FAFSA as part of their eligibility criteria.

How Much Does the FAFSA Cost?

Completing the FAFSA is absolutely free. There are no fees for submitting the form, and doing so may open the door to thousands of dollars in financial aid.

How Long Does It Take to Process?

Once you’ve submitted your application, it typically takes 3–5 business days to process if completed online. For paper applications, processing takes slightly longer, approximately 7–10 business days. You’ll receive a Student Aid Report (SAR) summarizing your information, which you can review for accuracy.

Am I Eligible for FAFSA?

FAFSA eligibility is broad and inclusive. While financial need is a key factor, the definition of “need” is flexible and can encompass almost anyone unable to pay the full cost of college.

General Eligibility Requirements

To qualify, applicants must meet the following criteria:

• Citizenship Status: Be a U.S. citizen or an “eligible noncitizen.”

• Educational Plans: Be enrolled or planning to enroll in a qualifying degree or certificate program.

• Valid Social Security Number: (with limited exceptions).

• Academic Progress: Meet satisfactory academic progress requirements as defined by your school.

School Information Required

When completing the FAFSA, you’ll need to list at least one college or university you plan to attend. You can include multiple schools, and they will use your FAFSA information to determine your eligibility for their financial aid packages.

When Should I Apply for FAFSA?

The FAFSA application opens every year on October 1 for the upcoming academic year. It’s a good idea to apply as soon as possible, as many federal, state, and institutional aid programs have limited funds. Some funds, like Federal Work-Study and certain grants, are awarded on a first-come, first-served basis.

It’s also important to note that while federal deadlines are consistent, state and college deadlines vary. Be sure to check the specific deadlines for your state or consult with your school’s financial aid office to avoid missing out on any available funding.

What Types of Aid Does FAFSA Provide?

The FAFSA provides access to several forms of federal financial aid, including:

• Grants: These are need-based funds that don’t have to be repaid, such as the Federal Pell Grant.

• Work-Study Programs: Part-time employment opportunities for students to earn money while studying.

• Federal Student Loans: Low-interest loans with flexible repayment options.

• State and Institutional Aid: Many states and schools also use FAFSA data to allocate scholarships, grants, and other types of aid.

Submitting your FAFSA is your gateway to these funding opportunities and more, so don’t delay. Apply today and take a big step toward making your education affordable.