Febraury 2020 - Financial Aid Awareness Month - Here’s what you need to know.
According to the National Center for Education Statistics, nearly 20 million students fill out the FAFSA every year and as of 2016/17, around 85% of all first time students attending a 4 year degree school are awarded some type of Financial Aid. Every year, the education community takes the month of February to raise awareness & provide important information to families about the access to federal, state, and institutional student aid available to them.
If you make a lot of money or do not have good grades, does it even makes sense to apply?
Many people assume they won’t qualify for financial aid for a variety of reasons, but you won’t know for sure unless you try and you have nothing to lose as the application process is completely free.
When should you apply?
The 2020-21 FAFSA form has been available to fill out since October 1, 2019 and the enrollment period ends on June 30, 2020. It is highly recommended to fill out the FAFSA as soon as possible but it’s not too late! The 2020-21 FAFSA application will apply to the academic year starting July 1, 2020 to June 30, 2021.
What do you need to fill out the FAFSA successfully?
According to the Department of Education, here are the 7 items you will need ahead of time:
Social Security Number
Driver License Number
Tax Records – For the 2020-21 FAFSA form, income information from 2018 will be needed.
Advisors associated with Bleakley Financial Group, LLC may be: (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, (2) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPCand investment advisor representatives of Bleakley Financial Group, LLC; or (3) solely investment advisor representatives of Bleakley Financial Group, LLC, and not affiliated with LPL Financial. Investment advice offered through Bleakley Financial Group, LLC, a registered investment advisor and separate entity from LPL Financial.
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.