Scanning the cafeteria menu in the crowded line, Sarah overheard two fellow students talking about filling out financial aid forms for college. She wondered why the students were relieved to have the FAFSA application process completed so early. Wasn’t there plenty of time for filling out the college FAFSA forms? Sarah pulled out her phone and Googled Free Application For Federal Student Aid, in order to research the FAFSA application process with more scrutiny. Surprisingly, she discovered that there is not an unlimited supply of money for students seeking financial aid, the directives on the FAFSA website noted that there may be limited funds for a few Federal Student Aid programs. The key is to apply as soon as possible when trying to secure the best possible funding sources. Grateful for the time-sensitive discovery, Sarah filled out her FAFSA application with the help of her parents later that evening.
Now, Sarah’s story is only based on a true story, but what is entirely accurate is that often students (and their parents!) don't realize -- until it's too late -- the importance of submitting their FAFSA forms earlier than normal.
Note: Silver Lake College knows that considering a higher education can be stressful and overwhelming. That’s why SLC has put together a College Admissions Resource Library to help answer some of your questions and concerns.
Here are three reasons to get ahead and file your FAFSA applications early: