High School Seniors: FAFSA deadline is April 15th, 2022.
Did you know:
- Most students need some amount of financial aid to afford a college education.
- A variety of aid is available to students, including grants, scholarships, and loans.
- Most federal aid award amounts are calculated based on financial need.
- Indiana uses the FAFSA to determine their state aid.
- Colleges use the FAFSA to determine eligibility for institutional aid.
The Free Application for Federal Student Aid (FAFSA) must be submitted by Friday, April 15, 2022. Your college uses your FAFSA data to determine your federal aid eligibility. The state of Indiana and many colleges also use FAFSA data to award their own aid. This aid includes loans, grants, scholarships, and federal work-study.
Over the years, the cost of college has risen significantly. According to a report by the College Calc, for the academic year 2020-2021, the average tuition & fees for public colleges in Indiana was $7,824, and the average for private college tuition in Indiana was $32,643
(https://www.collegecalc.org/).
By filing the FAFSA, you can offset some of these costs and avoid graduating with hefty amounts of debt. The FAFSA comes with zero risk: You don’t need to pay a fee to apply and don’t have to accept any aid you’re awarded if you don’t want to. Students who do not file a FAFSA may not be eligible for state and college financial aid.
