I know it seems as if the first of the year just passed, but if you have not thought about completing your FAFSA for this year you should start to do so ASAP. The deadline is March 1, 2007 if you intend to start school fall 2007. If you have already filed your taxes for 2006 then you should file your FAFSA now. Since the FAFSA is bases on the previous year’s financial information, you do not want to fill it out until your taxes are complete. In my experience with the DOE (US Dep’t of Education)…when they get swamped…you end up waiting a very long time to get your SAR (Student aid report) in the mail. This report is vital because it tells you what type of Federal Aid/grants you are eligible to receive…giving you, the student, a clearer perspective of how much you will need to come up with to attend college. If you are already in school, don’t forget that you have to update your FAFSA every school year!!! If you do not fill out the FAFSA you will not be able to get any sort of grants or Federal Student loans for that upcoming school year.

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