FAFSA

I am a junior in high school what is the best time to fill out the fafsa form? Or earliest day?

Jan 1 of the year you will start college, so for you 1/1/17

It opens on New Years.

No i was a junior now im going to be a senior. I graduate in 2016. So it would be 1/1/16.

New Years Day of your senior year in High School is when your fafsa can be completed and filed…using estimates for the previous tax year income, and taxes.

And what are the benefits of doing it so early? Why could i possibly miss if fill out the form a month later?

There are some forms of federally funded need based financial aid that have limited finding per college campus. These include federal work study, Perkins Loans, and SEOG. They are awarded on a first come, first served basis…so if you apply later, you could miss out on the availability of these funds.

are you lowish income?

My parents make about 100,000 together…

A year

Have your parents said how much they’ll pay for college?

Which schools are you applying to?

Have you had them run the net price calculators on the various schools’ websites?

What is your home state?

Then there is no rush, you aren’t going to get some of those items that are intended for low income. If you do it in a month it will be fine, so your parents can get their taxes done first. If you are applying to Profile schools you will have to submit that form with estimates of the 2015 income in the fall anyway. That is what they will work off until your taxes are finalized anyway.

Now, i was wondering if my parents dont pay for my college is it possible to just give me all the debt and i pay it in the future when i get a job or do i have a limit in LOANS that might stop me from going to any of these colleges and make me go to community college?

You have a $5500 loan limit in your name for your freshman year.

Thumper1 that would mean anything more than that would have to be paid (throught scholarships, grants, or my money) or i cant go?

Your max loan in your name is $5500 for freshman year. Any additional money from loans would,require a cosigner…or would need to be taken out by your parent.

And yes…the balance can be paid with scholarships, grants, or your money.