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FAFSA deadlines have been kind of a pain for prospective college students. You can’t file for aid until the year you decide to go to college, and by the time your college applications are due, you still don’t know whether or not you’re eligible for aid. This makes your college decision process tricky, but the government recently made some changes to the FAFSA that will make the process more streamlined.
As The New York Times explains, under the current rules, students can’t file for FAFSA (which stands for Free Application for Federal Student Aid), until January of the year they’re planning to go to college. And, because you need tax information to apply for the FAFSA, most everyone applies after April anyway.
Financial aid eligibility is a big factor for a lot of students deciding where to go to college. Ideally, you want to know what your eligibility looks like before you actually apply (those application fees can be expensive). Thankfully, now you can. As of next fall, students can file their FAFSA as early as October, not January, and they can use info from that year’s tax return. For example, if you’re planning to start college in September of 2017, you can file in October 2016, and you can use your 2015 tax return that you filed earlier that year.
This way, you know what your situation looks like beforehand. For more info, check out what The New York Times has to say about it at the link below.
Applying for Financial Aid Is About to Get Easier | The New York Times
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