Financial Aid Eligibility: Why It’s Always a Good Idea To Submit the FAFSA

Dear College Made Simple reader,

Every year, a number of families make a huge mistake.

They don’t fill out and submit their FAFSA.

Some are guilty of simple mistakes – waiting too long to submit their application, not correcting errors in an application – but the majority who make this mistake do it on purpose.

They figure they’re not eligible for financial aid, due to income or savings they think is too high. Why bother doing the application, when there’s no money that will come your way?

If you choose not to fill out a FAFSA – no matter what your situation – you could be shooting yourself in the foot. In today’s College Made Simple report, we explain why…

– Scott

Financial Aid Eligibility: Why It’s Always a Good Idea To Submit the FAFSA

Most people who don’t fill out the FAFSA think they won’t be able to get the money. They could be wrong.

Situations change. Jobs are sometimes lost, health issues sometimes arise that prevent work (or drain savings). A new baby might come into the picture – or, unfortunately, a bread winner might pass.

The future can’t be known – but one thing you can know, if you don’t file a FAFSA, you can’t adapt to changing circumstances. Even if you won’t be eligible for aid today – you might be tomorrow.

Further, many merit scholarships require a FAFSA. So even if you don’t qualify from need, you might qualify thanks to achievement.

Of course, if you don’t fill out a FAFSA, you’ll never find out.

Finally, any student loans you might take out require a FAFSA as well. Even if you’re perfectly capable of affording school – sometimes it makes sense to take out a loan anyway.

In some cases it’s to avoid running down retirement savings – or, perhaps, to give a student a fine lesson in financial life as well, even if just with a token loan.

In short, there are a few good reasons to fill out a FAFSA that have nothing to do with need. And, as a type of insurance, everyone should fill out a FAFSA, just in case a family’s financial fortune takes a sudden turn south.

To your college funding & admissions success,

Scott Weingold

Co-Founder, College Planning Network LLC

Publisher, – The free educational resource of College Planning Network


Related Articles:

5 Tips on How to Fill Out the FAFSA

When to Apply for the FAFSA

FAFSA Frequently Asked Questions

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Editor's Note: Scott Weingold has been ranked the #1 “College Financial Aid Expert Worth Knowing About” in the entire country by  He has co-authored the book, “The Real Secret To Paying For College. The Insider’s Guide To Sending Your Child To College – Without Spending Your Life’s Savings.” Scott also publishes a popular free online newsletter, “College Funding Made Simple" which reveals insider’s tips, methods, and strategies for beating the high cost of college.

Scott is the co-founder and a principal of the widely renown College Planning Network, LLC – the nation’s largest and most reputable college admissions and financial aid planning firm. CPN is a proud member of the Better Business Bureau, the National Association of College Funding Advisors, the National Association for College Admission Counseling, the National Association of Student Financial Aid Administrators and the Student Affairs Administrators in Higher Education.

Scott, along with his college funding advisory team, helps thousands of families throughout the country with their college planning needs and offers a series of free educational webinars and workshops on “How To Pay For College Without Going Broke In The Process!” He's been featured or mentioned in The Philadelphia Inquirer, Yahoo News,, Voice America with Ron Adams, Crains Cleveland Business, and on Cleveland Connection with James McIntyre.  Scott has published numerous articles and is a professional speaker who has addressed thousands of audiences online and offline throughout the United States.  His actionable insights and candid, open approach have earned him & his team numerous media interviews, citations, and speaking opportunities, and his free online video workshop is one of the Internet’s most widely viewed pieces in the college funding space.