Every year, millions of students apply for financial aid to help pay for college. The two main financial aid applications are the Free Application for Federal Student Aid (FAFSA) and the CSS Profile. Both typically open on October 1st each year. While colleges set their own financial aid deadlines, which are sometimes not until February or March, it’s important for students to submit their applications as soon as possible after October 1st. Here’s why applying early can make a big difference.
1. More Time to Fix Problems
Financial aid applications sometimes require follow-up. A college may request additional documents, corrections, or clarification. Families who apply early have more time to respond without worrying about missing critical deadlines. Waiting until the last minute leaves little room to resolve issues.
2. Staying Ahead of Deadlines
College financial aid deadlines vary, and you’ll need to submit your applications by the earliest deadline among all the schools on your list. Early Action and Early Decision applicants face deadlines as soon as November 1st, and some colleges even have deadlines in mid-October. By applying right after the applications open, you’ll ensure you don’t miss any of these dates.
3. Peace of Mind
Applying early means less stress and more certainty. You can focus on aspects of your college admissions process, like essays, applications, and interviews, knowing your financial aid paperwork is complete.
4. Financial Aid Funds Can Run Out
Some colleges have limited financial aid budgets, and funds may be distributed on a first-come, first-served basis. Submitting your FAFSA and CSS Profile early increases your chances of receiving the maximum aid you qualify for, rather than missing out because funds have already been allocated.
Even if your earliest financial aid deadline isn’t until February or March, it’s best to submit the FAFSA and CSS Profile in early October. Applying early helps you maximize aid, gives you time to fix problems, ensures you meet all deadlines, and gives you peace of mind during an already busy season.
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