The deadline for submitting your 2015-2016 Free Application for Federal Student Aid (FAFSA) is sooner than you may think. To be eligible for your state financial aid programs, it’s extremely important to complete your 2015-2016 FAFSA.
If you need help in completing your FAFSA, download our free guide, Filing the FAFSA: The Edvisors Guide to Completing the Free Application for Federal Student Aid.
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When it comes to the FAFSA, the first question most people ask is: "When is it due?" There is no single, definitive answer. Your deadline depends entirely on where you live. Some states award aid on a first-come, first-served basis, so submitting your FAFSA early could be the difference between receiving state funds or not. As a result, it’s critical to know (and meet) your state’s deadline and complete your FAFSA as early as possible.
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Students who file the FAFSA in January, February or March receive more than twice as much grant funding, on average, as people who file the FAFSA later.
Source: Mark Kantrowitz, Senior Vice President & Publisher of Edvisors.com
What is the "base year" for financial aid calculations?
FAFSA Error: Missing deadlines. File FAFSA ASAP after January 1. Do not wait for tax returns or admissions decisions.
The debt-to-income ratio is the ratio of a borrower’s total debt to the borrower’s annual income. Borrowers with a debt-to-income ratio of 2:1 or more will struggle to repay their debts and may be forced to extend the repayment term on their loans or adopt an austere lifestyle.
If you need help in filing the FAFSA, download our free guide.
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