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The 2020–2021 FAFSA is open for biz

License plate saying "open"

The 2020-2021 Free Application for Federal Student Aid or FAFSA is now open, and more than $150 billion in federal student aid is available to help pay for school. Think it’s not worth your time? Here’s why we say it is.

You don’t know what you could get.

Assume nothing. Think your family income will deter you from receiving aid? Think again. It’s just one piece of the puzzle. The number of children in your family attending college is also considered, among other things. Spend the time (it’s only about 30 minutes) to be considered for the money.

You don’t know when you might need it.

Life is complicated and stuff happens. Your financial situation can change over the course of the year and you may find yourself in need of help. Submitting a FAFSA will allow you to be considered for low-interest student loans that can act as a last resort if you need them. Remember, you never have to take the full amount of a loan offered, and you don’t have to accept loans until you absolutely need them. Until then, let the offers just hang out in your Finances box on My ASU.

It pays to be at the front of the line.

ASU’s priority filing date is Jan. 15. The sooner you submit your FAFSA, the more money there is to go around. Get your FAFSA completed early and it’ll be one less thing you have to worry about.

And remember:

  • You’ll use tax information from 2018, and you can use the IRS Data Retrieval Tool in the FAFSA to import that info.

  • You’ll need an FSA ID to log in and sign your FAFSA (a parent will also need one if you are using their tax info).

  • You can reference this step-by-step guide to understand each question, chat with a financial aid representative, check out this infographic, or post your question (and review answers to other people’s questions) on Twitter using #askFAFSA.


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