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How To Renew Your FAFSA: Timely Tips For FAFSA Renewal

By Nitro Contributor

"If you applied for aid last year, you completed the Free Application for Federal Student Aid (FAFSA). This application determines your eligibility for aid for only one academic year. That means for each year you want to apply for aid, you will need to complete a Renewal FAFSA. Good news, though – the Renewal FAFSA is prefilled with some of your information from the previous year. Updating information is easier than completing the entire FAFSA renewal form from scratch and typically takes less than an hour."

"Why you should complete the Renewal FAFSA"

"The FAFSA is the main source of data that the federal government, states and colleges use to award financial aid. Any change – from income and family finances, marriage status or even the number of siblings going to college – can affect your eligibility for loans, grants, scholarships or need-based aid from your school. In addition, financial aid formulas often change, which can make it easier for you to qualify for awards to help pay for college."

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