When it Comes to Financial Aid and FAFSA, Time is Money!

financial aid fafsa timeBy Veronica Garcia
StudentAdvisor.com Staff

When it comes to paying for college, many of us are drawn away from the daunting task of having to fill out the FAFSA. We want to get some money for college, but the thought of having to sit at your computer for hours upon hours looking through your parents tax forms does not sound like a fun way to spend an afternoon.

But don’t put it off for too long! Colleges have a limited amount of grant and scholarship money to distribute to students. The longer you wait to get your FAFSA in, the more you risk missing out on crucial financial aid options.

Some of you might be wondering if filling out the FAFSA takes a long time. In fact in the StudentAdvisor Q&A section students ask about this a lot!

How long does the FAFSA take to fill out?

“The first time you fill out a FAFSA it will probably take between one and two hours to complete. They ask for a lot of information and it takes awhile to get through. One way to get through it faster is to have all the information you need ready before you sit down to do it. You can take a look at their website for requirements ahead of time, but you’ll need things like your tax records and or your parents’ tax records if you are a dependent. The good thing is that in later years you can complete it really quickly, probably in 15 minutes, because they save your information and most of it will be the same from year to year.”

Filling out the FAFSA online is a breeze. If you have everything you need to complete the entire form in front of you when you begin, it should take you no more than 30 to 45 minutes to complete. And, you also have the option of saving your progress when filling out the form and coming back to it later with all the previous information saved. Once you complete the form online, you will receive confirmation via email when your form has been processed.”

See? It’s not too bad! So what are you waiting for? Go do that FAFSA!

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