The FAFSA deadline for Indiana residents and college-bound students is April 15. That is the Free Application for Federal Student Aid.
This is despite the fact that the FAFSA site says that its own deadline is June 30, 2023, for 2022 to 2023 academic year.
The FAFSA form is required for students to be considered for federal and state grants, scholarships, and student loans.
After this April 15 deadline in Indiana, the funding available is less, based on a first-come, first-served basis. Here exactly is what the Indiana authorities say:
" The Indiana Commission for Higher Education reminds Hoosiers that filing the FAFSA by the April 15, 2023, priority deadline is imperative for securing money for college and accessing some of the $390 million in state financial aid and billions of dollars in federal aid available for learners."
"Once the priority deadline passes, financial aid funding will be available on a first-come, first-served basis."
The Indiana Commissioner for Higher Education Chris Lowery urged Hoosiers, regardless of family income, who are interested in pursuing education and training beyond high school to file the FAFSA as soon as possible.
Filing the FAFSA is required for many of Indiana’s scholarship and grant opportunities, such as the Frank O’Bannon Grant and the Workforce Ready Grant. Additionally, many colleges require a completed FAFSA to award merit and need-based scholarships.
Apparently, then, it is important to get your FAFSA application in well before April 15, if you are a resident of Indiana. That is also prior to this year's tax deadline which is April 18, 2022.
How to file the FAFSA
Students can file the FAFSA online at FAFSA.gov. The first step for students who have not previously filed the FAFSA is to create a Federal Student Aid (FSA) ID.
Then, each student will need:
- Social Security number
- Alien Registration number (for non-U.S. citizens)
- Federal income tax returns, W-2s, and other records of money earned from 2021
- Bank statements and records of investments (if applicable) • Records of untaxed income (if applicable).
There is a hotline helpline at 1-800- 4-FED-AID. In addition, Indiana residents can also access free FAFSA help through INvestEd Indiana at www.investedindiana.org.
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Mark R. Hake, CFA, writes articles on national and local news, stocks, and market events at InvestorPlace.com, Barchart.com, Medium.com, and Newsbreak.com as well as TalkMarkets.
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