Pros of the delay in FAFSA this year:
– Gives students more time to prepare their financial information – May reduce the stress and rush associated with submitting the application
– Allows students to have a clearer picture of their financial situation before applying
Cons of the delay in FAFSA this year:
– Students may have to wait longer to receive financial aid decisions
– Could potentially disrupt financial planning and cause uncertainty for students – May lead to last-minute application submissions due to procrastination
Get a head start on your student loan application for next year by filling out the Free Application for Federal Student Aid (FAFSA). However, keep in mind that the FAFSA won’t open until sometime in December. This has been the case since 2016.