4 Reasons to File Your FAFSA Early
The Free Application for Federal Student Aid (FAFSA) helps students pay for college. It is important to know the deadline for the 2023-2024 school year is June 30, 2024. However, filing early has its perks. Here are four reasons why you should file early!
Financial Aid is distributed on a first-come, first-serve basis.
Schools and states have limited amounts of resources, and are distributed on a first-come, first-serve basis. If you wait to file, you may lose out on potential grants and scholarships that have limited availability.
You’ll have more time to explore other financial opportunities.
When you file your FAFSA early, it allows you to understand your aid earlier. If you are in need of additional financial support the earlier you know, the better. If you file early, you will know if you need to explore other scholarship, grant and loan options, and it is more likely there will be aid available to you.
Those who file early often qualify for more grants and scholarships.
Students who file their FAFSA between October and December, on average, qualify for twice as many grants as students who wait to file their FAFSA.
Filing early relieves stress.
Studies show many college students have high levels of stress. One thing that can help alleviate that stress is mindful planning. College can be expensive, and navigating financial aid can feel heavy. Filing early creates time for better understanding what types of aid work best for you, what it means to borrow and removes the panic of trying to remember last-minute deadlines.
Stop by the WPU Office of Financial Aid if you have any questions about filing your FAFSA.
Learn more about FAFSA Timeline Myths.