Why You SHOULD Fill Out FAFSA

The question of whether to complete the FAFSA when you think you won’t qualify for aid is a common challenge. However, there are many reasons to WHY YOU SHOULD FILL IT OUT:

More than support

While many think the FAFSA is only for need-based aid, it’s more than that. Federal loans with qualifying terms and school-specific grants also come from this application.

Unexpected Requirements

FAFSA takes into account more than income. Your family size, assets, and the cost of attending your chosen institution all contribute. When you’re done, it opens the doors to possibilities of help that you hadn’t thought of.

Specific School Support

Colleges use FAFSA data for their grants and scholarships. While government grants may seem impossible, you may be eligible for grants directly from your organization.

Future resilience

Life is unpredictable. Your financial situation may change. Completing the FAFSA ensures that you are in the process and are prepared if circumstances change.

Non-Subsidized Benefits

Surprisingly, some scholarships, housing assistance, or work-study programs require the submission of the FAFSA, regardless of financial need.

Long-term plans

The FAFSA on file can be useful if family dynamics change or siblings attend college in the future. This opens up your options.

Essentially, the FAFSA isn’t just for grants. It is a gateway to economic opportunities. Once you graduate, you have access to government loans and possible institutional support, and you are prepared for unexpected changes. Even if you think you won’t qualify now, circumstances can change, making filing the FAFSA a smart move to secure your educational future. It doesn't hurt to apply early!!

Larry Cheung, CFA

Larry Cheung, CFA is a widely followed Investment Strategist on Youtube, a Creator on Patreon, and an Organic Marketing Strategist who works closely with Financial Advisors to grow their firm’s authority online and AUM growth.

https://www.larrycheung.com
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