If you will be attending college in 2017-2018, you should complete the FAFSA. Here are some reasons why:
It’s easier than ever.
Did you know that there is an option for students and parents to access the required information from their IRS tax return to complete the FAFSA, and transfer the data directly into their FAFSA from the IRS website with just a few clicks? This is called the IRS Data Retrieval Tool. Also, for those who have completed the FAFSA in the past, when you go to renew your FAFSA for the upcoming school year, a lot of your information will automatically roll over, saving you lots of time.
It takes less than 21 minutes to complete.
Did you know that, on average, it takes less than 21 minutes to complete the FAFSA? That’s less time than it would take you to watch your favorite TV show! And think of the benefits! Spend 21 minutes completing the application and you could qualify for thousands of dollars in financial aid. Talk about return on investment…
More people qualify than you’d think.
If you don’t fill out the FAFSA, you could be missing out on a lot of financial aid! I’ve heard a number of reasons students think they shouldn’t complete the FAFSA. Here are a few:
- “I (or my parents) make too much money, so I won’t qualify for aid.”
- “Only students with good grades get financial aid.”
- “The FAFSA is too hard to fill out.”
- “I’m too old to qualify for financial aid.”
These are all myths about financial aid. The reality is, EVERYONE should fill out the FAFSA! Don’t leave money on the table.
You may need it to apply for state and college financial aid and even private scholarships!
Completing the FAFSA is the first step toward getting financial aid for college. The FAFSA not only gives you access to the $150 billion in grants, loans, and work-study funds that the federal government has available, but many private scholarships require you to submit the FAFSA before they will consider you for any funds they offer. That’s why it’s important that every college student complete the FAFSA. You’ll never know what you get unless you apply.
For information and tips on completing the FAFSA, visit StudentAid.gov/fafsa.