It’s Time to Complete Financial Aid Forms

Oct 1_website_WEB1500.jpg

October 1st marked the first day that American families can apply for student financial aid for the 2018-19 academic year.  

Here’s what you need to know: 

• All US colleges require the submission of the FAFSA (Free Application for Federal Student Aid) if you are applying for need-based financial aid. You need to complete the form found at https://fafsa.ed.gov. There is no charge to submit this form.

• About 250 colleges and universities also require completion of the CSS Profile. That form can be accessed at https://cssprofile.collegeboard.org. A list of colleges that require this form will be found at that web address. There is a submission fee for the CSS Profile, plus a reporting charge for each institution that receives the report.

• While the deadlines for completing these forms vary, many colleges now have a deadline of Nov. 1st or Nov. 15th for early decision and early action applicants. Check financial aid deadlines on the websites of the colleges to which you are applying.

• When completing the FAFSA, both student and one parent must first create their own FAFSA ID. This will serve as an electronic signature when submitting the application.

Who should complete the FAFSA and the CSS Profile? 

• Any family who believes they might qualify for financial aid at some time during the student’s college years. The FAFSA calculations will take the age of parents into account and do not consider assets in retirement savings accounts or home equity in their formulas.

• Any family that expects to have two or more children in college at the same time. 

• Anyone applying for merit-based aid at a college that requires the FAFSA or Profile for consideration for merit aid. Check the merit aid pages of your colleges’ websites for more information.


Prepared especially for our clients and their families. The information included in this newsletter is general and does not constitute educational, financial, accounting, legal, or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on the material contained herein. Copyright © 2017 by The College Advisor, Inc. All rights reserved. 

Apella Capital, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. All data is from sources believed to be reliable, but cannot be guaranteed or warranted. No current or prospective client should assume that future performance of any specific investment, investment strategy, product, or non-investment related content made reference to directly or indirectly in this article will be profitable. As with any investment strategy, there is a possibility of profitability as well as loss. Please note that you should not assume that any discussion or information contained in this article serves as the receipt of, or as a substitute for, personalized investment advice from Apella Capital or your advisor. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.

Real Time Web Analytics