FAFSA time is rapidly approaching!
Ah, it's almost that time of the year! Do we mean time for winter festivities? Presents? Holiday get-togethers? Well, sure, but it's also the time of year for families with college-bound students to start thinking about filling out the Free Application for Federal Student Aid (FAFSA). The FAFSA can be filed in January, so December is not too early to become informed on the process! You'll learn a lot by checking out this video — available in English and also in Spanish — on eligibility requirements and the application process, located here: www.aie.org/paying-for-college/fafsa-info-center/watch-your-guide-to-the-fafsa.cfm
Why is the FAFSA so important? Because filling out the FAFSA is a key step for families and students to obtain money to help pay for college expenses. On the application, you'll provide information on total family income and assets, household size, number of students in college, and other data. It's like a snapshot of your financial situation, which helps the federal government in determining your financial need.
Here are some FAFSA facts you may find interesting:
- Financial aid is often awarded on a first-come, first-served basis, so it's to your advantage to complete and submit your FAFSA early!
- According to the Department of Education, 90 percent of FAFSA completers attend college.
- Additionally, low-income students who complete the FAFSA increase their chances of enrollment by 235 percent, according to the Central Texas Student Futures Project.
Besides the video, AIE has other resources to help with FAFSA completion located here: http://www.aie.org/paying-for-college/applying-for-aid/fafsa.cfm