Why the FAFSA® is Important (Like Really, Really Important)

Filing the FAFSA® (Free Application for Federal Student Aid) is your key to getting all kinds of financial aid for school—we’re talking federal, state, and school aid. If you want to qualify for the most free money you can, and pay less out of your own pocket, you need to file the FAFSA®. Nearly everyone who submits the FAFSA® qualifies for some aid.
What you’ll need to complete the FAFSA®
If you’re a dependent student, you’ll need this information for both you and your parents.
- You and your parents will need an FSA (Federal Student Aid) ID to access the FAFSA® and sign the form electronically. Apply for your FSA IDs at studentaid.gov 3-5 days before you plan on starting the FAFSA®.
- Your Social Security number
- Your parents’ Social Security numbers (SSN). Parents without a social security number need to check the box stating “I do not have an SSN”.
- What’s no longer needed? Student and parent tax documents. All of this information will be automatically accessed from the IRS through the FUTURE Act Direct Data Exchange (FA-DDX).
- If your financial status has changed since you filed your 2023 taxes, you must complete the FAFSA® with the required information, and then follow up with your school’s financial aid office for further advice.
Submission Time Frames
- Academic Year 2025 – 2026
- Submit your FAFSA® beginning December 1, 2024
- Academic Year 2026 – 2027
- Submit your FAFSA® beginning October 1, 2025
- Academic Year 2027 – 2028
- Submit your FAFSA® beginning October 1, 2026
*Source: FAFSA application submission time frames and required tax information are projected based on information provided at https://studentaid.gov ©2024 Sallie Mae Bank. All rights reserved. These materials were prepared and/or provided by Sallie Mae. Sallie Mae does not provide, and these materials are not meant to convey, financial, tax, or legal advice. Consult your own financial advisor, tax advisor, or attorney about your specific circumstances. FAFSA is a registered service mark of U.S. Department of Education, Federal Student Aid. Sallie Mae, the Sallie Mae Logo and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America. W521395 0924