March 4, 2008

Pay close attention to dates when dealing with financial aid

Posted in FAFSA, The Financial Aid Process at 7:35 AM by Joe From Boston


I get asked a lot – when is the FAFSA due?  When do I need to mail Form X back?  When do I need to apply for Loan Y?

Like your taxes, you REALLY need to pay attention to dates.

The 2008-2009 School Year (July 1st, 2008 – June 30th, 2009)

  • FAFSA on the Web , Renewal FAFSA on the Web , and applications must be submitted by midnight Central Daylight time, July 2, 2009.
  • Check with your school for earlier deadlines.  Remember – financial aid is First Come First Served – get your forms in early!!!
  • Corrections on the Web forms must be submitted by midnight Central Daylight time, September 17, 2009.

It is important to note the type of deadline you are up against. Ask your school about their definition of an application deadline, whether it is the receipt date and time or the process date and time of the application.  Processing can occur days after receipt, so don’t get yourself in a muddle by assuming – always check!

The Department of Education considers an application’s receipt date and time to be when the application/correction has been successfully submitted. The last page of the online application/correction submission process is therefore called the “Confirmation Page”. It contains a 22 (if an application) or 30 (if a correction) character long “Confirmation Number”. This number contains the exact date and time (Central Standard Time) the form was received. It is recommended you print this for your records

NOTE: Transactions MUST be completed by midnight to get the receipt date and time for today.  If started before midnight but completed afterwards, it will get tomorrow’s date.  The DOE is very strict.

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3 Comments »

  1. These unsecured loans’ features will also help you to build a budget and stick to it easily. When credit cards are included in a budget, the complexity increases because you have to foresee many things in order for the budget to be useful. Predicting ones behavior is complicated enough, if you have to predict market conditions and income variations in order to see if you will be able to meet credit card payments that keep changing as a consequence of a variable rate, things can get really complicated.

  2. Very pertinent advice. I get a lot of emails from students who just don’t understand what they need to fill in the FAFSA. This is often the reason for delay. I recommend that students sit down with their parents as early as possible and get the documentation together. Students don’t realise they will need the names of the schools they will be applying to (even if they haven’t applied yet). And most don’t realise it’s first in first served.


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