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When Is the FAFSA Deadline?
You can submit the 2023-24 FAFSA until June 30, 2024. File early for the best chance of getting more financial aid.
Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is also an authority on student loans. She joined NerdWallet in 2014. Her work has appeared in The Associated Press, The New York Times, The Washington Post and USA Today. She previously covered local news in the New York metro area for the Daily Voice and New York state politics for The Legislative Gazette. She holds a bachelor's degree in journalism from Purchase College, State University of New York.
Karen Gaudette Brewer joined NerdWallet with 20 years of experience working in newsrooms and leading editorial teams, most recently as executive editor of HealthCentral. She launched her journalism career with The Associated Press and later worked for The (Riverside) Press-Enterprise, The Seattle Times, PCC Community Markets and Allrecipes.com. Her writing has been honored by the Society for Features Journalism and the Society of Professional Journalists. In addition, she’s written two books about the Pacific Northwest.
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When can I update my FAFSA application? The redesigned FAFSA for the 2024-25 academic year is available at FAFSA.gov. After major delays, the FAFSA corrections process opened on April 16 to students and families who submitted incorrect or incomplete forms.
You can still submit the 2023-24 FAFSA until June 30, 2024.
You have to submit the Free Application for Federal Student Aid, or FAFSA, for each school year to qualify for aid like grants, scholarships, federal work-study and federal student loans.
But deadlines vary for federal, state and institutional aid. It's important to remember the FAFSA open and close date, which is usually Oct. 1 and June 30, respectively. This year's FAFSA soft launched in late December 2023.
FAFSA open date and deadline
Academic year
FAFSA open date
Federal FAFSA deadline
2023-24
Oct. 1, 2022
June 30, 2024
2024-25
December 2023
June 30, 2025 tentatively
File your FAFSA for next year ASAP
Generally, the FAFSA opens on Oct. 1 each year. The FAFSA for the 2024-25 academic year is an exception as it did not go live until late December, and only intermittently at that. File your FAFSA as close to the open date as possible to improve your chances of qualifying for the most grant, scholarship and work-study aid.
FAFSA applications for the 2023-24 school year opened on Oct. 1, 2022, with a deadline of June 30, 2024.
Certain aid is awarded to students who apply the earliest, such as federal work-study dollars and many state and institutional grants and scholarships.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.99-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 7/10/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
Variable APR
5.59-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 7/10/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
4.15-15.49%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 7/12/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Variable APR
5.37-15.70%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 7/12/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
File your FAFSA for last year by June 30
The federal government gives students a deadline of June 30 after the school year in which they need aid. For example, a June 30, 2023 deadline is for the 2022-23 school year.
But you must submit the form much earlier to meet state and college financial aid deadlines and to get your aid dollars in time for the start of the school year.
You only have to file the FAFSA once to be eligible for all three types of aid. Here’s what you need to know about each.
States and individual colleges set their own FAFSA deadlines, typically much earlier than the federal one. You must file your application by these deadlines to qualify for state and institutional grants and scholarships.
If you’re attending an out-of-state school, you may not qualify for state aid — check with the state to see if you do. Find your state financial aid deadline on the Federal Student Aid website. Note that it may be later than prior years due to the delayed opening of the 2024-25 FAFSA.
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Federal FAFSA deadline
The federal deadline is the last day you can submit the FAFSA each year. If you need financial aid for the 2023-24 school year, you can submit the form until June 30, 2024.
Work-study dollars and most state and institutional aid will run out the fastest, but there will still be time to qualify for federal grants and student loans.
Even if you wait until June 30, you can receive these grants and loans retroactively to cover what you’ve already paid for the spring and fall semesters. Or, depending on your school, you may be able to apply the funds to pay for 2023 summer school.
Frequently asked questions
When does FAFSA open?
The FAFSA typically opens on Oct. 1 each year. For the 2024-25 academic year it soft launched in late December and was initially available only intermittently.
When to apply for FAFSA?
Apply for the FAFSA as soon as possible after it opens. Applying early gives you the best chance at getting the most free money for school.
When is FAFSA due for fall 2023?
The 2023-24 school year FAFSA is due June 30, 2024. Corrections are due Sept. 14, 2024.
Should you apply for FAFSA before applying to college?
Yes, apply for the FAFSA once it opens, even if that's before you have applied or been accepted to any colleges. When filling out the FAFSA, you only have to list one of the colleges you're considering applying to. Still, it is best to include all the colleges you are considering so you don't miss out on any financial aid. You can still add colleges after you submit the FAFSA.
When does FAFSA open?
The FAFSA typically opens on Oct. 1 each year. For the 2024-25 academic year it soft launched in late December and was initially available only intermittently.
When to apply for FAFSA?
Apply for the FAFSA as soon as possible after it opens. Applying early gives you the best chance at getting the most free money for school.
When is FAFSA due for fall 2023?
The 2023-24 school year FAFSA is due June 30, 2024. Corrections are due Sept. 14, 2024.
Should you apply for FAFSA before applying to college?
Yes, apply for the FAFSA once it opens, even if that's before you have applied or been accepted to any colleges. When filling out the FAFSA, you only have to list one of the colleges you're considering applying to. Still, it is best to include all the colleges you are considering so you don't miss out on any financial aid. You can still add colleges after you submit the FAFSA.
Next steps
Track colleges’ financial aid deadlines. Priority deadlines at individual schools often fall the earliest, so those deadlines are the most important to track. Those dates are also the best chance to get the most aid. Look up the deadlines for all of the schools you’re applying to and write them down in one place — try using your phone’s calendar, a spreadsheet or a notebook dedicated to your college search.
Submit any other financial aid applications. Many schools require additional or alternative financial aid applications, such as the CSS Profile, to qualify for state or institutional aid. You'll need to submit all the required paperwork before the deadline to be considered for aid.
Complete the FAFSA ASAP. The open date is not a deadline, but submitting your FAFSA once it's available lets you know where you stand with federal aid sooner.
You can make changes to the FAFSA after you've applied. If you spot an error or you need more aid due to a change in your family's finances, you can update the FAFSA before the corrections deadline:
Go to fafsa.gov. Click the "Log In" button and type in your FSA ID. Once on the "My FAFSA" page, click "Make Corrections." You can then make a save key, edit your FAFSA and resubmit your application.