When is FAFSA due? 3 Required Deadlines

The Free Application for Federal Student Aid (FAFSA) opens on October 1 each year. Although the federal deadline gives you until June of the following year to submit, states and schools set much earlier deadlines. Rather than waiting until after the FAFSA deadline, it’s a better idea to submit this important form as close to October 1 as possible.

If you apply early, not only will you meet all of the various FAFSA deadlines, but you may also receive more financial aid for college. Here are the details you should know about…

When is the FAFSA due? 3 dates to know

Since some financial aid is given on a first come first serve basis, it’s a good idea to Submit FAFSA as soon as you can. This application becomes available on 1 October every year. So if you are an incoming college freshman, you can submit the FAFSA starting October 1 of your senior year in high school.

However, the FAFSA is not technically due. If you need to wait, keep these three FAFSA deadlines in mind:

1. the federal FAFSA Deadline
2. your of college FAFSA Deadline
3. Yours of state FAFSA Deadline

1. Federal FAFSA Deadline

school year FAFSA start date Federal FAFSA Deadline
2022-23 October 1, 2021 June 30, 2023
2023-24 October 1, 2022 June 30, 2024

Since the Department of Education provides the FAFSA funding, it also sets a deadline for applications. But this time frame is longer—you’ll have access to the FAFSA for more than a year and a half.

For example, the FAFSA for the 2023-24 school year became available on October 1, 2022. It remains open till June 30, 2024. Also, you can make corrections or updates until September 10, 2024.

most students File FAFSA It is much closer to the date of opening than the date of its closure. The main reason to file a FAFSA later in the school year would be if there has been a major change in your financial circumstances.

“Students can file the FAFSA by the end of the academic year and still receive some aid,” says Mark Kantrowitz, financial aid expert and publisher of SavingForCollege.com. “This often occurs when a wealthy student has a change in family financial circumstances (for example, the death of a parent) that significantly affects their ability to pay for college,

Unless there’s a major change in your financial circumstances, you probably don’t need to worry about the federal FAFSA deadline because you’ll be submitting the FAFSA months before it. But you need to consider state and college FAFSA deadlines, both of which come out very soon.

2. Your College’s FAFSA Deadline

Colleges rely on the FAFSA to award financial aid. If you enter a school, you’ll probably see your financial aid package Same time as your acceptance letter. So for many colleges, you will need to submit the FAFSA in time for your application to be reviewed and your financial aid calculated.

Each college sets its own deadline for the FAFSA. Note that some schools also require css profile , another document that assesses your financial need. Visit the financial aid website of each college on your list to find FAFSA deadlines.

Tufts University, for example, sets an early-decision FAFSA due date of November 22, the same date its early-decision applications are due. If you are applying by Tufts’ regular decision deadline of February 1, you must also submit your FAFSA by February 1.

At Tufts, as with some other colleges, your FAFSA deadline falls on the same day as or close to your college application deadline. However, you may still want to file the FAFSA months earlier in order to qualify for the maximum amount of financial aid from your state.

3. Your State’s FAFSA Deadline

Finally, each state may also set its own FAFSA deadline for incoming college students. States have financial aid programs specifically for residents attending state public colleges, also. Connecticut’s FAFSA deadline for the 2023-24 school year, for example, was February 15, 2023, at least for priority consideration.

To qualify for state financial aid, you must file the FAFSA by the state’s deadline. In fact, the sooner you can submit your financial aid application, the better, since some aid is awarded on a first come, first served basis.

“Students should be filing the FAFSA on or after October 1st as soon as possible,” says Kantrowitz. “Students who file the FAFSA within the first three months (October, November, and December) receive more than twice as many grants, on average, as students who file the FAFSA.”

Some states, such as Illinois, Kentucky, and Oklahoma, urge students to receive FAFSA as soon as possible after October 1. These states say that the rewards are distributed as long as the state financial aid fund have ended.

Even though filling out the FAFSA can take time, doing it early is well worth the effort.

Find your state’s FAFSA deadline: The Department of Education maintains a list of FAFSA deadlines for each state. you can Find the deadline for your state here,

File your FAFSA closer to October 1st

Instead of asking, “When is the FAFSA due?” A better question would be, “When will the FAFSA be available?” It opens on October 1st every year, so you should plan to submit your application just in time.

Instead of waiting until your school, state or federal FAFSA deadline, try to file the FAFSA ASAP. You can start preparing your information in September so that you can submit applications right after they open in October.

Then, you won’t have to worry about all these FAFSA deadlines. Instead, you can focus your apply for scholarship,

Don’t Forget Your CSS Profile
Many colleges additionally require a form called css profile To distribute financial aid. Your college should state the CSS Profile deadline on the Financial Aid section of its website, but if you have questions about filling out the CSS Profile or when it is due, check with the Financial Aid Office.

Upcoming Changes to the FAFSA

The FAFSA for the 2023-24 school year looks a little different than in years past, thanks to the recent Consolidated Appropriations Act. Here are some of the changes to note, some of which appear on the FAFSA that opened on October 1, 2022.

1. FAFSA Asks Fewer Questions

In an effort to simplify the FAFSA and make it more accessible to students and their families, lawmakers are reducing the number of questions it asks. In this form only 36 questions can be asked instead of 108 questions.

What’s more, families may not have to use IRS data recovery tools to transfer their financial information. Instead, whenever possible, this data will be imported directly into the FAFSA from their tax return.

2. The expected family contribution is getting a new name

Expected Family Contribution (EFC) has long been a confusing term, so it’s getting a new name – the Student Aid Index (SAI). Instead of indicating how much your family can expect to pay for college, the SAI indicates your financial need.

Going forward, it will also be possible for a student to have a negative Student Aid Index, a change that will help schools determine which student has the greatest financial need.

3. More Students May Be Eligible for Pell Grants (And the Amount Has Been Raised)

The Pell Grant is a federal grant awarded to students with the highest demonstrated financial need. Under the new Consolidated Appropriations Act, Pell Grant eligibility will expand to an estimated 1.7 million more students.

The special thing is that the amount of grant has been increased. For example, in 2021-22, the Pell grant maximum was $6,495, while the amount increases to $6,495.6,895 In 2022-23. It is likely to increase again for the next school year.

FAFSA FAQ

Here are answers to some frequently asked questions about the FAFSA. For more information, visit Our Comprehensive FAFSA FAQ,

When is the FAFSA available?
The FAFSA becomes available on October 1 each year.

When Should You Apply for FAFSA?
Since some financial aid is awarded on a first-come, first-served basis, it’s a good idea to submit the FAFSA as close to its opening date (October 1) as possible. Applying early can help you get the most financial aid for college.

Should You Submit FAFSA Before Applying to College?
Many students submit the FAFSA before sending out their college applications. If you are a senior in high school, for example, you can submit the FAFSA in October but Submit Your College Application In January or later. You can submit the FAFSA to the colleges you plan to apply to, but you can also add colleges later if you change your mind.

As mentioned, some colleges set their FAFSA deadline on the same day as their application deadline. So if you haven’t already submitted your FAFSA, you’ll want to do so by your college application deadline.

Can You Make Changes to the FAFSA?
Yes it’s possible Make changes to the FAFSA, In fact, if certain family circumstances have changed, such as the number of family members in your household, you are expected to update your FAFSA information. To update your information or correct an error, you can sign in to your FAFSA with your FSA ID, click “Repair FAFSA,” and resubmit the form.

Tracking Deadlines and Other Next Steps

There are a lot of moving parts when you’re applying to college. Here are some next steps to keep in mind so you can stay organized and on track.

Enter your deadline: Not only do you have to keep up with application deadlines, but you also have to think about when the FAFSA (and in some cases, the CSS Profile) is due. Look up deadlines for the schools you’re applying to and write them down in one place – like a notebook, spreadsheet, or calendar.

Research whether you need to submit additional forms. For example, some schools also require a CSS profile. Check out the requirements for each school on your list to make sure you aren’t missing out on any financial aid.

Apply for Scholarship. Don’t wait for your financial aid award before applying for a scholarship. you can apply for scholarship During the college application process, as well as after you’ve been admitted to college. Scholarships can help ease the financial burden, although it may be worth finding out whether your college offers the practice. scholarship displacement,

Compare your financial aid awards. Once you receive your acceptance letter and financial aid package, you can compare them to see which school will best fit your budget. If your financial aid offer is declined, you may be able to appeal for more help,

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