This blog was updated on 01 July 2023 to update the deadline for FAFSA 2023-2024 academic year.
The FAFSA, or Free Application for Federal Student Aid, is a standard financial aid application form used to qualify for financial aid from the federal government, state governments, and the majority of colleges and universities. Every year on October 1st, the FAFSA application season officially begins.
The FAFSA deadline for graduate students can vary depending on several factors, including your state of residence, your school’s financial aid deadlines, and the specific financial aid programs for which you are applying. It’s important to check with your school’s financial aid office or the state agency that administers financial aid programs in your state to determine the applicable deadlines for your situation.
To apply for aid such as grants, scholarships, federal work-study, and federal student loans, you must complete the Free Application for Federal Student Aid, or FAFSA, for each academic year.
However, timelines for federal, national, and institutional assistance differ. The two most critical dates to keep in mind are October 1 and June 30.
What is the FAFSA Deadline for graduate students in the 2023-2024 Academic Year?
The FAFSA application opens every year on October 1st. To increase your odds of receiving the most grant, scholarships, and work-study assistance, submit your FAFSA as soon as possible after October 1st. On October 1, 2023, applications for the 2023-24 academic year opened. The start date for the 2023-24 academic year is Oct. 1, 2023.
In general, the federal deadline for submitting the FAFSA for the 2023-2024 academic year for graduate students is June 30, 2024. However, many states and schools have earlier deadlines, and some financial aid programs have limited funding, so it’s important to submit your FAFSA as soon as possible to maximize your eligibility for financial aid.
It’s also a good idea to complete and submit the FAFSA every year that you are enrolled in a graduate program, as your financial circumstances and eligibility for financial aid may change from year to year.
What are the State FAFSA Deadlines for graduate students?
State FAFSA deadlines for graduate students vary depending on the state and the specific financial aid programs for which you are applying. It’s important to check with the state agency that administers financial aid programs in your state to determine the applicable deadlines for your situation.
Here are some examples of state FAFSA deadlines for the 2023-2024 academic year for graduate students:
- California: March 2, 2024 (for priority consideration for Cal Grant awards)
- New York: June 30, 2024 (for the Tuition Assistance Program)
- Texas: January 15, 2024 (for the Texas Grant)
- Florida: May 15, 2024 (for state financial aid programs)
These are just a few examples, and the deadlines may be different depending on the state and the specific financial aid programs for which you are applying. It’s important to check with your state agency or the financial aid office at your school to determine the applicable deadlines and ensure that you submit your FAFSA on time to maximize your eligibility for financial aid.
If you attend an out-of-state school, you might not be eligible for state aid; check with the state to see if you are. On the Federal Student Assistance website, you can find the state’s financial aid deadline.
What is the College Deadline for FAFSA Graduate Programs?
Each college has its own deadline for financial aid, which may or may not correspond with the application deadline. Colleges may choose to create financial aid grant packages based on FAFSA outcomes, but you must complete the FAFSA before the college’s deadline to be eligible for financial aid. You can study the application deadlines for each school to which you want to apply. If you are unsure where you are applying, you should return your FAFSA and give it to schools later.
Some schools have priority deadlines for financial aid, which may be earlier than the federal FAFSA deadline of June 30, 2024, for the 2023-2024 academic year. If you miss a priority deadline, you may still be eligible for financial aid, but you may receive less aid or miss out on certain types of aid that have limited funding.
In general, it’s a good idea to submit your FAFSA as soon as possible after October 1st of the year before you plan to enroll in a graduate program to maximize your eligibility for financial aid. This allows you to meet any applicable priority deadlines and ensures that your financial aid package is available when you need it.
What is the deadline to fill out the FAFSA ASAP for graduate students?
Students and their families can complete the FAFSA as soon as possible after October 1, 2023. While October 1, 2023, is not a deadline, but rather a start date, students who file the FAFSA after that date may be ineligible for certain types of financial aid.
On average, students who file the FAFSA within the first three months get twice as many grants as students who file later. Much of the available assistance is on a first-come, first-served basis.
Apart from the monetary benefits, here are a few more reasons to file early…
> An Early Application Means A Better Chance At More Money.
You’ll have a greater chance of receiving additional government or school financial assistance if you file the FAFSA early. Starting October 1, the FAFSA application for the next year of college may be submitted. That might seem excessive early, but the earlier you submit it, the greater your chances of receiving financial assistance. Some schools, for example, award financial assistance on a first-come, first-served basis. If you take too long, the school’s available financial assistance could have gone to other students who sent their FAFSA earlier. The same can be said for federal financial assistance. There are only a limited number of funds available, and the institutions cannot wait until the last minute to decide who will receive assistance. They frequently have assistance earlier in the window. In other words, the sooner you apply your paperwork, the higher the chances of securing financial assistance.
> Some Federal Student Aid Runs Out
Federal student loans and the Federal Pell Grant are considered entitlements, but federal campus-based funding is limited. Each college is given a certain amount of Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Work-Study (FWS) funds, which will run out.
> College Can Have Early FAFSA Deadlines
For the college’s own financial assistance funds, certain universities have early financial aid deadlines, also known as “priority deadlines.” And if the college FAFSA deadlines are earlier, the government FAFSA deadlines for federal and state funding must be followed.
For awarding their own financial assistance grants, some 200 mainly private colleges and universities use a supplementary form (the College Scholarship Service Profile). For federal and state funding, these colleges would also use the FAFSA. The CSS Profile and the FAFSA all launch on October 1, 2022.
> Get Your Student Aid Report Faster.
Your Student Aid Report will come earlier if you submit it closer to the October 1 deadline. This gives you a better understanding of where you are in terms of aid awards in a shorter amount of time. The sooner you get your report, the earlier you will start thinking about how you’ll pay for the rest of the school year. Having the time to apply for loans or check for other kinds of assistance will relieve you of some of the burdens!
> Skip The Stress Of Procrastinating.
Each semester, you have a plethora of things to prepare for. From preparing for courses to purchasing housewares to seeking a roommate to obtaining a parking permit, there is a lot to do. Getting ready for the new school year normally entails a lengthy to-do list. You’ll already be finishing up the previous semester. Do you really want to be concerned with FAFSA while studying for exams? There’s no way! The amount of work required to complete the FAFSA does not overwhelm you. Get that out of the way and you’ll have more time to spend on important things.
Know more about FAFSA,
[show_link program=’graduate’ other=’scholarships’]