After you submit your fafsa and it processes you will receive your student aid report sar in about 3 to 14 days or sometimes longer depending on if your receive it over email or by post and other factors. Many students submit their fafsa forms online through the official fafsa website.
When you submit fafsa information through the mail the doe will need seven to 10 days to process your information.
How long does it take to get my financial aid. Although the federal deadline to submit is june 30 of the academic year in this case june 30 2022 that will likely be too late to obtain most financial aid. Students who do not submit their financial aid applications until after the school year has begun should expect to receive an award letter within one to two months. It will also likely be well past the.
First year student all federal aid money at many schools your first disbursement takes place 30 days after the first day of enrollment. How college financial aid disbursement works college financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Regardless of how you submit fafsa information the doe makes a student aid report sar that they will send you.
Time since submission the length of time between submitting your financial aid application and getting your award letter depends on when you submit your application. Getting your financial aid your student aid will cover an entire academic year and will be disbursed over at least two payments typically at the start of each semester. If the academic year at your college is broken into quarters or shorter terms these payments may be spread out even more.
As students generally need to make an admissions decision by may 1st you will have a month to make a decision and assess your financial aid package. How long your fafsa takes to process will depend upon how it was submitted and the accuracy and clarity of the information provided. Federal student aid.
If you have applied to a college under a regular decision admissions plan you should expect to receive your financial aid award letter by the end of march. The national association of student financial aid administrators nasfaa strongly recommends submitting the forms online rather than submitting a paper version. If your semester started september 1 you wouldn t receive any money until october 1.