Why Do I Need to Complete the FAFSA?
Colleges and universities in many states use the FAFSA to decide who gets financial aid and how much. This is a pretty big deal that can impact your finances for years to come.
If you are a new or returning student who is planning on attending college in the coming academic year, you do not want to skip filling out your FAFSA. Students who don’t fill one out represent millions (or even billions) of aid dollars left unused. In fact, by filling out a FAFSA, you automatically qualify for a low-interest federal loan.
As a student in the coming academic year, there is virtually no reason not to fill out a FAFSA, especially since failure is guaranteed only to those who don’t complete the form. So why is it that some students either procrastinate until it’s too late or flat-out avoid completing the FAFSA?
Why Do Some Students Skip the FAFSA?
Some students never complete the form because they believe their family’s income isn’t low enough to qualify for assistance. This is false – your family could make $200k annually, and you would still be eligible for some amount of assistance. Of course, another major reason is the sheer amount of time needed to get your FAFSA done. The ordeal is lengthy, dry, and tedious.
This is exactly the issue that FAFSAQuick has resolved by cutting hours out of the FAFSA process.