University of Virginia

Deadlines Matter

Two stories this week really brought home the matter of getting your college business taken care of early. States are running out of grant money. The Illinois Student Assistance Commission announced it was suspending awards for students that had not yet submitted the FAFSA. The Kentucky Higher Education Assistance Authority will only be able to pay out money to students who applied by March 7, 2010, even though the application deadline was March 15. Other states are making similar tough decisions.

The takeaway? If you are applying for financial aid for your state, do not wait. File early.

And have a back-up plan!