Question of the Day: What's the average time to complete the Free Application for Federal Student Aid (FAFSA)?

|
Sep 27, 2021
|
Question of the Day, Student Loans

Answer:

Questions:

  • What’s the benefit of completing the FAFSA?
  • Billions of dollars in federal financial aid are lost by not completing the FAFSA. What do you think are the challenges to completing this important form?
  • What is one question that you have about the FAFSA?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Saving for College):

Filling out the FAFSA takes a lot less time than most people fear. It takes about 10 minutes to create an FSA ID. It takes less than an hour to complete a new FAFSA and about half an hour for a renewal FAFSA.

Even though the Free Application for Federal Student Aid (FAFSA) has more than 100 questions, the FAFSA has many features that make it easier to fill out the form. The IRS Data Retrieval Tool lets you transfer income and tax information from your federal income tax return to the FAFSA. Intelligent skip logic uses the answers to earlier questions to avoid the need to ask later questions.

--------------

Give your students an opportunity to earn scholarships through NGPF's PAYBACK Challenge.

--------------

The FAFSA is available for the 2022-23 school year on October 1st. Check out NGPF's Paying for College unit for lessons, activities and other resources to prepare your students for life after high school.  For those not considering college, check out the Alternatives to 4 Year Colleges mini-unit

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.