It’s Time to File the Free Application For Federal Student Aid

Oct 20, 2016

The following is an excerpt from Herb Weisbaum's Financial Focus. To view the original post or for more financial tips, check out The Financial Focus.

Here’s some important news for students who need financial aid to attend college next year. You need to start applying now. 

In the past, families filed Free Application for Federal Student Aid (FAFSA) form at the start of the year. That's been moved back to October.

After you file, you'll get a student aid report that tells you the type of federal aid you qualify for, including federal loans and grants. You might also learn that you qualify for scholarship programs.

It's really important to file that FAFSA form as soon as you can. Financial aid is typically given out on a first-come first-served basis.

It's also tough to know which school you can afford to attend until you find out how much financial aid is available to you. This is something you need to do before you take out any student loans.

Remember: You can file the FAFSA form before being accepted to any colleges or universities. To get started, got to

Looking for more info? Check out CNBC's recent article about getting your finances ready for article.

Students Looking at Records