Here's how long it takes to fill out the FAFSA: Via ForbesAdvisor
. You can also print out and mail the FAFSA, but it will take longer for your FAFSA to be processed.
You can expedite the process even more if you’re eligible to use the IRS Data Retrieval Tool. This automatically transfers the relevant tax information from the IRS into your FAFSA application. If you’re eligible, select the “Link to IRS” option in the FAFSA’s finance’s section and follow the prompts.
FAFSA renewals are much faster than your first application. The nonfinancial questions are usually prefilled for you. You’ll just need to complete any updates since your last application, like your recent tax returns and account balances. If you’ve started your application and need to pause without finishing it, you have the option to save your progress and return later. This will give you a temporary password to use the next time you log in.Once you complete the FAFSA online or through the app, it’ll take about three to five days for your application to be processed. For mailed applications, it can take a week or more.. This report summarizes everything you submitted on your FAFSA.
Your SAR is also sent to any schools listed on your FAFSA. Colleges use your SAR to determine your eligibility for school-based financial aid. If your school needs any additional details, you might need to submit extra documents. But not every school completes an awards package for every person who lists the college on their FAFSA. You’ll still need to apply for and get accepted into a school to receive a financial aid package.