IThe price of t is increasing for Americans to attend college and this is why Free Application for Federal Student Aid (FAFSA) Very important to many students around United States of America.
A lot of current high school students will struggle to pay college tuition without going into big sums student debt.
With tuition fees rising, most families rely on a range of resources to make them successful. Income and savings cover more than half of college costs, while free money from scholarships and grants accounts for nearly a quarter of costs and student loans make up most of the rest, according to Sally May Annual Report “How America Pays for College”.
What is the Free Application for Federal Student Aid (FAFSA)?
Thus, the FAFSA is a very important resource for many. For the 2023/24 school year, the FAFSA registration season opens this fall on Saturday October 1, 2022The sooner the students apply, the better.
According to a spokesperson for Sally May, Rick Castellanothe earlier families fill out FAFSA forms, the better their chances of receiving assistance since some financial aid is awarded on a first-come-first-served basis, or from programs with limited funding.
“You want to join the queue to get free money and most of it is first come, first served” Castellano He said.
“Otherwise, you’ll be leaving free money on the table, and it’s those dollars that help make college more affordable.”
Only a little more than half of families know that all students are eligible to file a FAFSA claim.
Last year, 70 percent of families completed the FAFSA test, up slightly from 68 percent the year before, a record low, according to Sally May.
“We’d like to see that number higher,” Castellano He said.
“Everyone who applies for a FAFSA will be eligible for some form of assistance.”
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