It's that time again if you have a college student or even a high school senior...to submit your Free Application for Federal Student Aid. The official website ishere. I'm not sure exactly why I fill this out each year because we are not likely to qualify for grants, nor are we planning to take out student loans. However, one never knows what will happen in between the time of the application and the time to make a payment. We and our daughter's have always been offered loans.
I also think we did get a small grant ($1,200) from my youngest daughter's college this year. I think it is possible that the FAFSA was helpful for obtaining those funds. Makes it worth submitting again.
It seems to take awhile to complete...an hour or more, and that's with using the IRS data retriever tool. I'm now waiting on both my daughter's to get back to me with some of their personal financial data. I hope I can wrap it up today and have it as one less thing on my mind.
Have you filled out the FAFSA before? Do you take out student loans for your college student?