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Prior Prior Year Financial Aid

FAFSA, or the Free Application for Federal Student Aid, and the CSS Profile are allowing students to file early, in October, for financial aid.  Previously, the FAFSA application was to be filed no earlier than January 1 of the year a student would be attending college.  

Now, some colleges are demanding that students file for financial aid earlier. This is especially the case for priority aid that comes directly from the institutions themselves. This adds another layer of pressure for students who are just beginning the application process.

Students and their parents are asked to provide income data on from two years prior to the current year (hence the name).  There are some inherent drawbacks with Prior Prior Year. One glaring flaw is this data may no longer be relevant to the student's family's current financial situation. 

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