FAFSA: Why Every Family Should Fill It Out
Completing the FAFSA can open the door to grants, scholarships, work-study and student loans.
For most families, the cost of college can feel overwhelming. Fortunately, one of the most important steps toward making college more affordable is also free.
The Free Application for Federal Student Aid (FAFSA) is used by colleges, universities and career tech centers to determine a student’s eligibility for federal financial aid. Many schools also use the FAFSA to award institutional scholarships and need-based aid, making it worthwhile for nearly every college-bound student to complete.
Even if you don’t think you’ll qualify for financial aid, experts recommend filling out the FAFSA.
Apply Early
The FAFSA for students planning to attend college during the 2027-28 academic year is expected to open Oct. 1, 2026. Although the federal deadline is much later, many colleges and states award certain types of aid on a first-come, first-served basis or have their own priority deadlines. Completing the FAFSA as soon as possible gives students the best opportunity to be considered for available aid.
What You’ll Need
Before you begin, gather:
- Social Security numbers or eligible immigration documents
- Federal income tax information
- Records of untaxed income, if required
- Current balances of savings and investment accounts
Students and parents each need their own StudentAid.gov account (FSA ID) to sign and submit the FAFSA electronically.
The FAFSA Is Simpler Than It Used to Be
The FAFSA has been redesigned in recent years to make the process easier for families. With consent and approval, federal tax information for students and required contributors is transferred directly from the IRS into the FAFSA, reducing the need to enter tax information manually. Students can also invite required contributors to complete their portions electronically.
Remember: You Must Apply Every Year
Filing the FAFSA isn’t a one-time task. Students who plan to continue receiving financial aid should complete a new FAFSA each year they attend college.
For more information or to begin your application, visit StudentAid.gov.
FAFSA at a Glance
Who should complete it?
Nearly every student planning to attend college or career technology school.
What can it help pay for?
- Federal grants
- State grants
- College scholarships
- Work-study
- Federal student loans
When does it open?
The 2027-28 FAFSA is expected to open Oct. 1, 2026.
Where do I apply?
FAFSA Myth vs. Fact
MYTH: Our family won’t qualify for financial aid.
FACT: You may still qualify for grants, scholarships or aid offered by your college. Completing the FAFSA helps ensure you’re considered for every opportunity available.
MYTH: FAFSA is only for four-year colleges.
FACT: Students attending community colleges, career tech centers and many other postsecondary programs should complete it.
MYTH: If I don’t qualify one year, there’s no reason to apply again.
FACT: Financial situations change, and students should complete a FAFSA every year they’re in college.
