- There is only one application for the three different kinds of aid -- from the federal government, state governments and schools. But this one form is super important because it determines the amount of aid a student can get from all of them.
- The sooner you file the more money you can get. Some states and colleges have a finite amount of money to dole out and students get it on a first-come, first-serve basis.
- Don't assume your family is too wealthy. The amount of aid granted to students is largely based on income. The value of the home a family lives in and any retirement savings aren't taken into consideration. And keep in mind that a family with more than one student in college is actually eligible for more help.
- Watch out for different deadlines. There can be early deadlines to get state aid.
- And finally, there might be another form. Some states and schools require more information than this one application calls for.
Get started at fafsa.ed.gov