The best time to apply for financial aid, particularly by submitting the FAFSA (Free Application for Federal Student Aid), is as soon as possible after it opens on October 1 each year. Many colleges have priority financial aid deadlines in November or December, so filing early increases the chances of receiving the best financial aid packages. You do not need to wait until you have been accepted to apply for financial aid; it is recommended to apply while you are applying to colleges or soon thereafter. Some states and schools have specific deadlines, often between January and March, so it is important to check these dates as well. Overall, filing early (starting October 1) is crucial since many forms of aid are awarded on a first-come, first-served basis.
