FAFSA Deadlines and Financial Aid Due Dates
Is there a FAFSA deadline or due date for my financial aid application?
Although the federal government sets an overall deadline for submitting the Free Application for Federal Student Aid (FAFSA), many state governments, college and universities set earlier deadlines for consideration of their own financial aid funds. Some do not have a specific deadline date, but award their funds on a first-come, first-served basis, until the money runs out. The states and schools may also have their own financial aid application forms, as do private scholarship-granting organizations.
Families should always ask a financial aid administrator at the student's college or the student's high school guidance counselor about deadlines for state and college student aid.
FAFSA deadlines and due dates for financial aid applications:
Managing all of these deadlines can get confusing really quickly. FAFSA Online publishes a financial aid calendar that provides important financial aid deadlines month-by-month.
When should I complete the FAFSA form?
File the FAFSA as soon as possible after January 1. Some states and colleges have very early deadlines or award aid on a first-come, first-served basis. Don't wait, or you may miss out on some financial aid.
Do not wait until you have filed your federal income tax returns or been accepted for admission. It is ok to use estimated tax income information. After you have filed your federal income tax returns, will be required to update the FAFSA. The IRS Data Retrieval Tool can be used to transfer information from your federal income tax returns into your FAFSA. Not only does this save you time and improve the accuracy of your FAFSA, but it will also reduce the chances that your FAFSA will be selected for verification.
Always apply as early as possible to maximize your eligibility for aid.
Federal FAFSA deadline
Online applications for the 2014-2015 award year must be submitted by midnight Central Daylight Time, June 30, 2015.
Any corrections or updates must be submitted by midnight Central Daylight Time, mid-September 2015.
State financial aid application deadlines
Each state has a different deadline. Check out the list of state financial aid deadlines to find information on deadlines for your state.
College deadlines for filing the FAFSA
Each college may have a different deadline. Ask the college(s) you are interested in attending for information about their deadlines. In particular, ask whether their deadlines are based on the date the FAFSA is filed or the date the FAFSA data is received by the school. Information about college deadlines can usually be found on the college's financial aid web site or obtained by contacting each college's Financial Aid Office.
Some colleges have two deadlines, a regular deadline and an earlier priority deadline. Always file the FAFSA well in advance of the priority deadline. Applications submitted after the priority deadline will still be considered for financial aid, but may be eligible for less financial aid, especially aid from school and state resources. Campus-based aid funds, such as the Federal Supplemental Education Opportunity Grant (FSEOG), Federal Work-Study (FWS) and Federal Perkins Loan, may have already been awarded. Likewise, need-based grants from the school's own funds might not be available to students who apply after the priority deadline.