Written by Amanda, University of Pennsylvania

Paying for college can be overwhelming, but financial aid can make it more affordable! The FAFSA (Free Application for Federal Student Aid) and scholarships are two important tools to help cover costs. Here’s a simple guide to help you get organized, meet deadlines, and secure the most financial aid possible! 

Why Are FAFSA and Scholarships Important? 

FAFSA: Completing the FAFSA gives you access to federal financial aid such as grants (free money), loans, and work-study opportunities. Many colleges and states use your FAFSA information to decide how much additional aid you qualify for! 

Scholarships: These are like free money for school! Scholarships can be awarded based on grades, talents, hobbies, or financial need, and you don’t have to pay them back! 

Step 1: Get Ready for the FAFSA 

The FAFSA opens every year on October 1, and applying early gives you the best chance to get the most aid. Here’s what you need to gather before you apply: 

1. Create an FSA ID: This is your FAFSA login. Get it early at studentaid.gov.

2. Know Your Social Security Number (or Alien Registration Number if you’re not a U.S. citizen). 

3. Tax Information: Use your family’s tax returns, W-2s, or other income records from 2022 for the 2024-2025 FAFSA. 

4. Bank and Savings Info: Have your family’s current bank and investment details ready.

5. Make a College List: Write down the schools you’re applying to; you can list up to 10 colleges on your FAFSA. 

Step 2: Meet FAFSA Deadlines 

FAFSA deadlines can vary depending on your state and college, so make sure to check those dates and apply early. Some types of aid, such as work-study jobs, are first-come, first-served. Set reminders to finish the FAFSA as soon as possible! 

Step 3: Hunt for Scholarships 

Scholarships can help cover costs that financial aid doesn’t! Here’s how to find and apply for them: 

1. Start Local: Many community groups, like local businesses or Rotary Clubs, offer scholarships. Ask your school counselor for leads!

2. Search Online: Websites like Fastweb, Scholarships.com, and Cappex match you with scholarships you’re eligible for. 

3. Apply Early and Often: Don’t wait! Start applying to as many scholarships as you can, even small ones; every dollar adds up! 

4. Tailor Your Applications: Write essays that match the scholarship’s theme. If you can, reuse parts of essays you’ve already written. 

5. Stay Organized: Make a list of deadlines and materials you need for each scholarship. A spreadsheet can help keep track! 

Pro Tips for FAFSA and Scholarships 

● Get Organized Now: Don’t wait until the last minute! Start collecting the documents and information you’ll need during the summer before senior year. If you’re already a senior, don’t wait; get everything organized now! 

● Ask Questions: If you don’t understand something on the FAFSA, ask your counselor or use the FAFSA helpline. 

● Keep Going: Scholarships can be competitive, but don’t give up. Even small ones can make a big difference! 

Final Takeaway 

Financial aid can feel like a lot, but breaking it down into steps makes it easier. Complete the FAFSA early, apply for scholarships, and stay on top of deadlines. Every bit of aid helps lower the cost of college and reduces stress about paying for it. Stay organized, and remember, you’re investing in your future. You’ve got this!

Discover the difference of The Ivy Institute—where if you can dream it, we can build it! At The Ivy Institute, we don’t just help students get accepted into top Ivy League and Ivy Plus colleges — we have the resources to develop students into the candidates top colleges and admissions officers seek, and transform your CommonApp college application and essays. Join us for a 30-minute information session on applying for college with an Ivy League expert and see how we can make your college dreams a reality. Schedule your consultation today!