FAFSA Opens on October 1: What Students Need to Know for 2026-27
The Free Application for Federal Student Aid (FAFSA) is set to open on its scheduled date of October 1 for the first time since 2022. This announcement is significant for students and families preparing for the 2026-27 academic year, according to Kenneth Ferreira, president of the Eastern Association of Financial Aid Administrators (EASFAA). Ferreira, a recognized authority in financial aid within American higher education, emphasized the importance of this timely availability.
Ferreira expressed optimism about the return to a more predictable timeline for FAFSA submissions. “We are eager to work with students and return to a more ‘normal’ timeline,” he stated. He urged families to complete the FAFSA early, noting that students do not need to wait for admission decisions to submit their financial aid applications. “Colleges and universities can hold the completed FAFSA and offer financial aid once the student is actually admitted,” he added.
Understanding Financial Aid Offers
Ferreira highlighted a common misconception among students regarding the distinction between scholarship offers and comprehensive financial aid packages. “Students should not confuse scholarship offers that accompany admission decisions with the comprehensive financial aid offer,” he explained. Many institutions provide scholarships alongside admission notifications, but these do not represent the full financial aid offer.
The comprehensive offer, which outlines all forms of assistance—including federal, state, and institutional aid—comes from the financial aid office of the institution. “This is an important distinction, for families cannot calculate NET cost without the full financial aid offer,” Ferreira stated.
For students and families facing unique financial circumstances, Ferreira recommended direct communication with financial aid professionals at the colleges they are considering. “The 2026-27 FAFSA will be based on income information from 2024,” he noted. Changes in family income can significantly impact financial aid eligibility. He advised those who have experienced income changes to reach out to financial aid offices for guidance on documenting their circumstances.
About EASFAA and Ferreira’s Role
The EASFAA, a nonprofit association serving financial aid professionals from Maine to Washington D.C. and beyond, plays a crucial role in supporting higher education institutions. Ferreira, who has dedicated decades to financial aid administration, aims to address evolving trends and challenges that students and families face.
As the FAFSA opens on October 1, students and families are encouraged to take proactive steps in preparing their applications. By understanding the distinctions in financial aid offers and seeking assistance when needed, they can better navigate the complex landscape of higher education financing.
