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The 2026–27 FAFSA ® Is Open Early: Why Families Should File as Soon as Possible

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SLM The article mentions Sallie Mae (SLM) and its role in providing financing for education, but does not provide any information about the stock's performance or future prospects.

NEWARK, Del.--( BUSINESS WIRE)--The Free Application for Federal Student Aid ( FAFSA), the key to accessing billions of dollars in scholarships, grants, and federal financial aid for college, is open early for the 2026–27 academic year, and completing it as soon as possible is one of the most important steps students and families can take to make higher education more affordable. Filing early means securing a place in line for federal, state, and school-based aid, some of which is limited and awarded on a first-come, first-served basis.

What’s New About the 2026-27 FAFSA

In addition to being available earlier, this year’s FAFSA features important updates, including a streamlined form, an upgraded, AI powered virtual assistant (Aidan) for faster, 24/7 help, real time identity verification, and a simplified contributor invitation that lets students add a parent or spouse by email, among other changes.

Misconceptions and Confusion Still Prevent Families From Filing

Nearly three in 10 families skipped the FAFSA last year — most often because they believed their income was too high to qualify, lacked the required information, or missed the deadline. As a result, critical financial aid, including millions in scholarships and $4.4 billion in Pell Grants, went unclaimed in 2024.

"The importance of completing the FAFSA truly can’t be overstated,” said Rick Castellano, vice president, Sallie Mae. “The government shutdown does not affect the FAFSA, so students should stay the course and complete the form as early as possible. Filing early not only maximizes eligibility for scholarships, grants, and other aid that can reduce college costs, but also provides families a clearer financial picture to make more informed decisions about planning and paying for higher education.”

Tips to help families complete the FAFSA:

For more free resources to help families file the FAFSA, visit Sallie.com.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Category: Financial Literacy