What should you know about the Free Application for Federal Student Aid (FAFSA)? There are a number of mistakes that students commonly make regarding this provision. Here are a few things that you will want to avoid.

  1. Waiting – Some of the funds that are provided in response to the FAFSA form are first-come, first-serve. In other words, the sooner you apply, the more money there potentially is for you to receive toward your education.
  2. Missing the Deadline – Deadlines are set both by the specific school you are applying to and by state. Be sure to know the deadlines so that the date doesn’t pass you by and end up costing you a chance at some valuable financial aid.
  3. Not Doing It at All – The worst mistake you can make is not to fill out the FAFSA form at all. Even if you think you would not qualify due to your household income, you should apply anyway. The idea that there is some income level cutoff is a myth. If you don’t apply, you may just be costing your family thousands of dollars in extra tuition costs that could have been covered through a scholarship or federal student loan. FAFSA covers more than just financial aid for low-income students.

Get the Help You Need for FAFSA and Other College Funding Sources

College Planning Source is your resource for when you want to find every penny that there is out there for your education. To learn more, contact us today at 858.676.0700, or submit the online contact form.

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