When to Apply for Financial Aid ?

When to Apply for Financial Aid

January 1 of the year you plan to go to college is the first day you can file the FAFSA. College, state and private financial aid deadlines vary. Aim to file the FAFSA as close to January 1 as possible; remember that financial aid dollars are limited, and in many cases are awarded on a first-come, first-served basis.

Don’t Rule Out “Expensive” Colleges

Keep in mind that a college that charges a lot for tuition might offer you generous financial aid. It might even be more affordable than colleges that charge lower tuition. So think about net price — and don’t be afraid to apply to colleges you think you can’t afford..

Once you hear from the colleges you’ve applied to, compare your financial aid offers to see which options are best for you.

 

Excerpt Taken from “College Board”, in service of general public and me myself!

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