Prior Prior Year

New in Feb. 2015 - Each year, students must submit a Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal student aid. Time is a critical factor when submitting the FAFSA to be considered for all types of financial aid because the FAFSA depends heavily on the latest income information submitted via income tax returns. Under the current structure, delays can cause an unfavorable chain reaction: a delay in completing the income tax return can mean a delay in submitting the FAFSA, which can result in a delay in financial aid notification—and possibly a reduced amount of financial aid. This occurs because some forms of financial aid have a limited pot of funds, which is distributed on a first-­‐come, first-­‐served basis. College students need to know where they stand sooner rather than later, so the student can adjust and prepare for the costs of college.

  • Publication Date : 2/9/2015
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