{"id":57566,"date":"2014-02-25T19:24:11","date_gmt":"2014-02-26T00:24:11","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=57566"},"modified":"2022-07-29T15:23:39","modified_gmt":"2022-07-29T19:23:39","slug":"financial-aid-deadline-now-ucf-urges-families-apply","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/financial-aid-deadline-now-ucf-urges-families-apply\/","title":{"rendered":"Financial Aid Deadline: UCF Urges All Families to Apply"},"content":{"rendered":"

It\u2019s that time of year for college students \u2013 the time to ask for money. And UCF is urging students to file their financial aid application before March 1.<\/p>\n

Every year students across the nation go online to submit the Free Application for Federal Student Aid (FAFSA). Typically, many students procrastinate. Some don\u2019t even bother filling it out. But putting off or skipping the application can cost families money and delays.<\/p>\n

\u201cI have never understood why some families choose not to complete the FAFSA,\u201d said Alicia Keaton, UCF’s new director of student financial assistance. \u00a0“Parents will tell me that they won’t qualify for aid. \u00a0My response to them is, \u2018How do you know?\u2019 \u00a0If you do not qualify for need-based funding, you could qualify for low-interest federal student loans.<\/p>\n

\u201cIf after receiving the award letter, you decide you do not want to borrow federal student loans, you can always decline them. \u00a0That’s a decision best left with the student and family. The worst mistake is not to fill out the form.\u201d<\/p>\n

The FAFSA is used by most colleges and universities to determine whether students are eligible for federal, state and college-sponsored financial aid, including grants, educational loans and work-study programs. Students are required to fill out the application each year if they want to continue receiving financial aid, even if they qualified the prior year.<\/p>\n

The U.S. Department of Education uses the form to conduct a \u201cneeds analysis\u201d based on financial information, including a parent\u2019s income. And that\u2019s why a lot of parents assume they won\u2019t qualify.<\/p>\n

But Keaton encourages all students to fill out the form and to do it early. Here\u2019s why:<\/p>\n

  • Most UCF students — about 73 percent of undergraduates — receive grants, \u00a0scholarships or some other form of student aid.<\/li>\n
  • Filing early improves their odds of getting aid that is awarded on a first-come, first-served basis.<\/li>\n
  • Missing the filing deadline can delay the awarding of financial aid.<\/li>\n
  • Even if families don\u2019t qualify for need-based help, the form is required to be considered for federal loans.<\/li>\n

    According to the official FAFSA website, \u201cNearly every student is eligible for some form of financial aid, including low-interest Federal Stafford and\/or parent PLUS loans, regardless of income or circumstances\u201d as long as the student meets some basic requirements.<\/p>\n

    Those requirements, which are outlined in full on the FAFSA website, include but not limited to:<\/p>\n

  • Being a U.S citizen<\/li>\n
  • Having a valid Social Security Number<\/li>\n
  • Having a high school diploma or GED<\/li>\n
  • Be admitted into a degree-seeking or certificate program<\/li>\n

    Because the application can be intimidating the first time, UCF has borrowed \u2013 with permission \u2013 a video to show students how to fill out the FAFSA step-by-step<\/a>.<\/p>\n

    Students and families should plan to spend at least three hours to fill out the form once they have all of the necessary documents in hand.<\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s that time of year for college students \u2013 the time to ask for money. And UCF is urging students to file their financial aid application before March 1. Every year students across the nation go online to submit the Free Application for Federal Student Aid (FAFSA). Typically, many students procrastinate. Some don\u2019t even bother filling it out. But putting…","protected":false},"author":16,"featured_media":57567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-twocol.php","format":"standard","meta":{"_acf_changed":false,"lazy_load_responsive_images_disabled":false,"footnotes":"","_links_to":"","_links_to_target":"","_wp_rev_ctl_limit":""},"categories":[5,6,27],"tags":[11498,1696,4185,4474],"tu_author":[],"class_list":["post-57566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colleges","category-community","category-student-life","tag-alicia-keaton","tag-financial-aid","tag-sdes","tag-student-financial-assistance"],"yoast_head":"\nFinancial Aid Deadline: UCF Urges All Families to Apply | 海角直播 News<\/title>\n<meta name=\"description\" content=\"It\u2019s that time of year for college students \u2013 the time to ask for money. 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