Top 10 Reasons to Complete the FAFSA Early
The Top 10 Reasons to complete the FAFSA as soon as possible after October 1:
- 1.
You'll have a better chance of receiving aid from programs with limited funds, like federal work-study and institutional grants.
- 2.
You can complete the FAFSA before your college applications - just include colleges you plan to apply to and, if needed, update with additional colleges later.
- 3.
It's easy! Most students and families can use the IRS Data Retrieval tool to complete the income questions.
- 4.
You'll learn about financial aid eligibility early in the admissions process and can make more informed decisions about what colleges apply to.
- 5.
You're sure to meet all of your prospective colleges’ priority financial aid filing deadlines.
- 6.
If you apply for early decision or early action, you’ll get finalized financial aid award information soon after acceptance notification.
- 7.
If you're planning to apply for any private scholarships that require you to be Pell eligible, you’ll know your eligibility right away.
- 8.
You'll be able to explore the financial impact of a college choice well before the May 1 deadline for accepting a spot.
- 9.
If borrowing is needed, federal loans are best and the only way to apply for those is through the FAFSA.
- 10.
The New York State Tuition Assistance Program (TAP) application is linked from the FAFSA and uses the same year’s income information.