When should students complete the FAFSA to maximize aid opportunities?

• A. Only in the senior year
• B. After all colleges have made decisions
• C. Before deadlines and as early as possible
• D. Only if required by the college

Answer: (C)

Submitting the FAFSA early matters because aid is allocated from limited funds and many colleges and states set priority deadlines. By filing as soon as possible after the FAFSA opens (October 1 of the year before you plan to attend) and by meeting each school’s deadlines, you ensure your information is available when aid is awarded. Some funds are awarded on a first-come, first-served or priority basis, so delaying can reduce or even eliminate eligibility. Even if you’re waiting on admissions decisions, you should file early because you can list schools later and have your financial aid options ready.