| Important changes to the FAFSA
With the cost of college rising each year, many families look to financial aid to help pay for their student's education. In order to qualify for financial aid - both from the federal government and/or from the university - students must file the
Free Application for Federal Student Aid (FAFSA)
Even if you think your family might not qualify for federal aid, or if your student didn't receive financial aid the previous year, your student should always file the FAFSA. Colleges use the FAFSA when disbursing their own scholarship and grant funds and your student might qualify for merit aid based on academic performance while in college.
Historically, the FAFSA was available on January 1 each year and required students and their families to estimate tax information from the previous calendar year and then return to the FAFSA later to update it after filing their income taxes. Starting this fall, the
FAFSA will be available on October 1 and students will complete it using income information from two years prior ("prior-prior").
Collegiate Parent, 9.22.16