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03.30.07 | FAFSA Deadlines: Is it too late?

Posted in FAFSA by Lee Anne Hannula

There are two types of FAFSA deadlines…Federal deadlines and State deadlines. Each individual state has a deadline for when the FAFSA is due each year. What does this mean for you, the student? If you do not renew your FAFSA within your State’s deadline, you will not receive ANY: Grants, Work Study, or Federal Student Loans. The Federal deadline for the 2007-2008 school year is June 30th 2008…whereas the deadline for, Massachusetts for the 2007-2008 school year is May 1st (your school must physically have the FAFSA by May 1, 2007). Here is a list of States deadlines for the FAFSA for the 2007-2008 school year: (this is not a complete list, if your state isn’t here, check with your Financial aid office at your school)

Alaska April 15, 2007 - date received@
Arizona June 30, 2008 - date received@
Arkansas For Academic Challenge - June 1, 2007
date received@
California For initial awards - March 2, 2007
Delaware April 15, 2007 - date received@
District of Columbia June 30, 2007 - date received by state
Florida May 15, 2007 - date processed
Illinois First-time applicants - September 30, 2007
Continuing applicants - August 15, 2007 -
date received#@
Indiana March 10, 2007 - date received
Iowa July 1, 2007 - date received @
Kansas April 1, 2007 - date received@
Kentucky March 15, 2007 - date received
Louisiana July 1, 2007 (date received)
Maine May 1, 2007 - date received@
Maryland March 1, 2007 - date received
Massachusetts May 1, 2007 - date received@
Michigan March 1, 2007 - date received&
Minnesota 30 days after term starts (date received)
Missouri April 1, 2007 - date received@
Montana March 1, 2007 - date received
New Hampshire May 1, 2007 - date received@
New Jersey June 1, 2007 if you received a Tuition Aid Grant in 2006-2007
All other applications - October 1, 2007, for fall and spring terms;
March 1, 2008, for spring term only - date received^&
New York May 1, 2008 - date received@
North Carolina March 15, 2007 - date received
North Dakota March 15, 2007 - date received
Ohio October 1, 2007 - date received@
Oklahoma April 15, 2007 (date received) for best consideration
Oregon March 1, 2007
Pennsylvania All 2006-2007 State Grant recipients and all non-2006-2007 State Grant recipients in degree programs - May 1, 2007.
All other applicants - August 1, 2007 -
date received*@
Rhode Island March 1, 2007 - date received
South Carolina June 30, 2007 - date received@
Tennessee For State Grant - March 1, 2007
For State Lottery - September 1, 2007 - date received
West Virginia March 1, 2007 - date received

If you have missed your states deadline for the 2007-2008 school year, click here:

Undergraduate Students

Graduate and Professional Students


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03.13.07 | Does FAFSA have anything to do with Credit?

Posted in FAFSA by Lee Anne Hannula

Today I received a phone call from a very distressed parent…the financial aid office at her daughter’s school was asking for her social security number in order to get a loan so her daughter won’t be forced to leave school. She could not understand why the school needed HER social…when she is not the one going to school. I explained to her how the FAFSA works; I explained that because her daughter was 23 and an undergraduate student, she was considered a “dependent” of hers. Therefore, the school needs the parents’ information filled out in the FAFSA in order to determine whether her daughter can in fact take out the Federal Stafford Loan or the Federal Perkins Loan…This particular mom was very concerned that the school needed her social security number to run her credit, and use that to apply for a loan for her daughter, but in her name. Attaining Federal loans in the students name is not credit based…the eligibility for those is strictly based on the students financial need exhibited from the FAFSA results. Don’t get me wrong, there are some aspects of Federal Financial aid that have to do with your credit. For example, if the student’s Stafford loan is not enough to cover the tuition, then the school usually suggests the parents apply for a Parent Plus Loan…this IS credit based, not NEED based (like the Stafford loan)…the same goes for the Graduate Plus loan for graduate students. So to reiterate, the FAFSA determines the students eligibility for financial aid, Stafford loans, and Perkins loans…a parent may apply for the Parent plus loan if he/she chooses to, but this is not part of the federal aid in the students name…however the FAFSA form does need to be filled out before a parent can apply for such a loan, simply because the parent plus loan is a Federally guaranteed loan…you can’t get a federally guaranteed loan without having an up to date FAFSA on file.


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