Why Everyone Should Fill Out the FAFSA

At St. Edward's, scholarships and grants make a St. Edward's education affordable for the majority of our students and this is money you never have to pay back.

In fact, the average scholarships and/or grant 鈥 that鈥檚 free money 鈥 this year for our first-year students was more than $37,000. But every year, some students miss out on their chance to make college more affordable because they don鈥檛 fill out the Free Application for Federal Student Aid, or FAFSA.

Everyone should fill out the . It鈥檚 your ticket to being considered for grants awarded by the government and by the colleges where you鈥檙e applying, as well as for low-interest student loans and some campus jobs. And it takes the average family less than an hour to complete.

If you鈥檙e graduating from a Texas public high school in 2024, you鈥檒l be required to fill out the FAFSA. But no matter where you go to school, it鈥檚 worth spending the time applying for what could be life-changing financial aid. Here are 6 reasons why.

The FAFSA is for people in all kinds of financial situations.

A few types of financial aid are reserved for families with very limited incomes. But many students with more resources also receive assistance, particularly at private schools where tuition is higher. In fact, the higher the 鈥渟ticker price,鈥 the more likely you are to receive financial aid. Don鈥檛 assume you won鈥檛 qualify; you might be forfeiting free money. In fact, at St. Edward鈥檚, every student who completes the FAFSA is awarded a grant.

Filling out the FAFSA helps you make better decisions about college.

Every year, we hear from a few students who decided St. Edward鈥檚 was 鈥渢oo expensive鈥 鈥 but they never filled out the FAFSA. Completing the FAFSA, and having your results sent to every school you鈥檙e considering, helps you make an informed decision about college. You鈥檒l be able to compare the real cost of attending each school, not the sticker price. Filling out the FAFSA can turn the most expensive school on your list into one of the most affordable.

It takes most families less than an hour.

That鈥檚 a small investment of time for a potential payoff of thousands of dollars. Make the process go smoothly by you鈥檒l need in advance. Be sure to get the school codes for each college you want to receive your results; the St. Edward鈥檚 code is 003621. You can cut down on the time it takes to complete the FAFSA by using the IRS data retrieval tool to auto-populate your financial information. Be sure to  (your account username and password) in advance.

The FAFSA helps you maximize your financial options.

In addition to state and federal grants, you鈥檒l be considered for grants awarded by the college itself. Every year, St. Edward鈥檚 offers millions of dollars in grants 鈥 that鈥檚 money that never has to be paid back 鈥 from its own funds. You鈥檒l also get the best, most consumer-friendly loan options through the FAFSA. And the FAFSA can determine whether you qualify for some campus jobs. You can accept or decline any part of your financial aid offer 鈥 there鈥檚 no obligation.

The FAFSA considers your one-of-a-kind financial situation.

The financial aid you receive is influenced by many highly individual factors, family income, assets and family size. You might be offered a completely different financial aid package from a friend applying to the same school because your family鈥檚 situations are different. Bottom line: Don鈥檛 make any assumptions about financial aid because of someone else鈥檚 situation.

The FAFSA makes big life dreams possible.

It can connect you with financial support that allows you to attend your dream school instead of one farther down your list. It can help you access smaller classes, study abroad adventures, success coaches, the chance to conduct research, support for your mental health and growth, and professors who care about you as a person. Investing an hour completing the FAFSA can help make your ideal college experience attainable.

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Ready to get started?

This year brings significant changes to the FAFSA process, making it quicker and more user-friendly. Here鈥檚 what you need to know.

  1. Ensure that you and your parent each , necessary for logging into your account, signing the FAFSA and making any required changes or additions.
  2. Use St. Edward's University school code: 003621. Including our school code is crucial as it allows us to receive your application and offer you the best possible financial aid package. 
  3. Be sure to start your FAFSA application early! The 2025鈥2026 FAFSA priority deadline is February 15 for new freshmen and new transfer students, and March 1 for continuing undergraduates. The sooner you file your FAFSA, the sooner we can notify you about your financial aid offer.
  4. Questions? When you鈥檙e accepted to St. Edward鈥檚, you鈥檙e assigned a Financial Aid Counselor who can explain the FAFSA process. Your counselor is there to help 鈥 until you graduate.
  5. Many people鈥檚 financial circumstances have changed due to the pandemic and its economic impact. If the FAFSA doesn鈥檛 reflect your family鈥檚 current reality, talk with your Financial Aid Counselor after you receive your financial aid offer letter.

Make a plan to complete the  today, and give yourself the best options for financing a college education.

Calculating the Cost

Deciphering the real cost of college can be complicated, but it doesn't have to be. It starts by understanding what you'll pay after you're awarded scholarships and grants.

Join the thousands of others who have tried our 鈥  5 minutes is all it takes to estimate what you'll pay.  

Hint: Make sure you have School Rank, GPA and Current Tax Information available before you start!