If your child is attending college in the fall of 2023, it's time to complete the FAFSA – Free Application for Federal Student Aid. The form becomes available October 1st and is due by the following June 30th. There's no application fee, and you can access the application at studentaid.gov.
Aid is awarded on a first-come, first-served basis, so completing the form early is essential. The amount of aid awarded is based on your family's expected contribution (EFC).
The EFC amount is calculated using the financial information you provide in the FAFSA. You'll include information about you and your child's tax returns, investments, businesses, and untaxed sources of income, like child support and alimony.
You'll also need to have everyone's driver's license information and Social Security numbers handy.
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