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Mon
10/12/20

posted by: Radnor Financial Advisors

The 2021-2022 FAFSA Is Now Available

The 2021-2022 Free Application for Federal Student Aid (FAFSA) was available starting October 1, 2020.  Some colleges/universities will not award merit-based grants and scholarships without a completed FAFSA, therefore, it is crucial that all students make it a priority to complete the application.

The following resource provided by the U.S. Department of Education may be helpful as you navigate through and complete the FAFSA for 2021-2022.

https://studentaid.gov/apply-for-aid/fafsa/filling-out

Please note, that some aid offered by the Federal Government is awarded on a first come first serve basis.  As such, it is extremely important to complete the FAFSA as early as possible.

Among the various types of financial aid available; the FAFSA may award students with the opportunity to obtain loans backed by the federal government which are generally offered at a much lower annual interest rate when compared to private student loans.  Additionally, in some cases students may qualify for federal grants that do not need to be repaid, and/or work-study programs that offer a creative opportunity to provide cost assistance while bolstering their resume.

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