Filing for Financial Aid Over the Summer
Posted by Eric Moore, June 2018
School’s out for summer, but it’s always a good time to take a look at filing for financial aid. The biggest thing students should realize is they can apply for financial aid starting October 1 the fall semester prior to starting the upcoming fall year.
So if they want to apply for financial aid for this upcoming fall, the application was open last October. Understanding the process will help you avoid common mistakes that affect your eligibility for funding.
Below is our list of top 10 financial aid tips to prepare for the financial aid application process.
#1 Prioritize Your Research
Start with the federal government, then explore the private sector for more financial aid programs. Visit websites like Scholarships.com to find financial aid you qualify for.
#2 Contact Each School
Contact each school you’re interested in and ask about their grant and scholarship opportunities. Do this as soon as you apply for admission. Applying for financial aid does not affect your chances of being accepted.
#4 Get to Know Your Financial Aid Advisor
Get to know your financial aid administrator, because they are able to answer any questions you have about the financial aid process, campus-based scholarships and grants, and reapplying for financial aid when that time comes.
#5 Submit FAFSA
Submit the FAFSA because that is the only way you can qualify for federal aid. Remember, being rejected for federal aid does not make you ineligible for private awards. Also, be aware that some schools have their own financial aid applications.
#6 Apply Early
Apply early. Deadlines vary for each state and college, but the FAFSA can be sent any time after January 1st. Applying early will result in a better financial aid package, and leave time to apply for other scholarships and grants.
#9 Company-Sponsored Tuition
Investigate company-sponsored tuition plans. Some employers invest in their employees’ education and/or the children of employees’ education. Companies who offer funding for education often require recipients of the award to continue to work for the company after graduation, so do your research.