There are many benefits to filing your FAFSA as early as possible. When the next academic year’s FAFSA opens up on January 1st, I would highly recommend submitting it. You can do so HERE
Many people make the mistake of waiting until they have completed their tax returns and miss out on valuable, time sensitive financial aid. [To complete the FAFSA without having filed your taxes, simply choose the “will file” option and then submit your tax information later]
Many schools have grant funding that is given out on a first come first serve basis. These grant pools sort through the applicants who qualify for the specific requirements, and then they are seeded in the order of submission. Then it is a simple process of awarding the money until it runs out. SO, in order to make sure that your name is at the top of these lists, file your FAFSA early!!