Q: What is the FAFSA deadline for 2014 – 2015, and when can or should I start to apply for federal financial aid via FAFSA if I will need it for the 2014 and 2015 school year?
A: The earlier you can file your FAFSA the better! Filing your FAFSA as early as possible will help to ensure that you receive all of the federal financial aid that you are eligible for, and will leave you with the most options for federal aid. FAFSA is used for an entire academic school year, so you will only need to file once per academic school year. For example, the 2014-2015 FAFSA is used for Fall 2014, Spring 2015, and Summer 2015.
The FAFSA is available for completion every year on the first day of the calendar year (on January 1st). The sooner you can file your FAFSA after January 1st of any given calender year is in your best interest. You do not want to put off filing your FAFSA until the last minute, and you certainly do not want to miss the FAFSA deadline. For the 2014 – 2015 academic year, FAFSA on the Web applications must be submitted by midnight Central Daylight time, June 30, 2014.