-

The 2025-26 FAFSA® is Available Now – Why College-Bound Students And Families Should Complete It As Soon As Possible

More than a Quarter of Families Skipped FAFSA Last Year, Missing Out on Scholarships, Grants, and Federal Financial Aid

Sallie Mae Offers Free Step-by-Step Guide and Tools to Help More Families Complete the FAFSA

NEWARK, Del.--(BUSINESS WIRE)--The Free Application for Federal Student Aid (FAFSA) for academic year 2025-26 is available now, and completing it is one of the most important steps for students and families planning for higher education – it’s the gateway to accessing more than $100 billion in scholarships, grants, and federal financial aid for college.

Completing the FAFSA as soon as possible is also critical as some school and state-based aid is limited and awarded on a first-come, first-served basis. Roughly a quarter of families (26%), however, skipped the FAFSA last year. Separately, one-quarter of families making less than $100,000 – those who would likely qualify for Pell grants and other need-based aid – chose not to file the FAFSA because they believed they made too much money.

"When it comes to paying for higher education, the last thing you want to do is leave free money on the table, so that’s why all students and families should complete the FAFSA,” said Rick Castellano, vice president, Sallie Mae. “Now is the time to get in line for scholarships, grants, and other aid that can help make college more accessible and affordable.”

Sallie Mae offers the following tips to help families complete the FAFSA with confidence:

  • Create an FSA ID — Both students and parents need a Federal Student Aid (FSA) ID, before starting the FAFSA. Create one as soon as possible to avoid delays.
  • Know your deadlines — Many states and colleges set priority deadlines to submit the FAFSA to be considered for aid. Families can check deadlines for each state and school and use Sallie Mae’s free step-by-step FAFSA Guide to stay on track.
  • Remember to file each year — The FAFSA is not just for incoming freshmen. Undergraduate and graduate students should complete the FAFSA every year in school.
  • Don’t assume you won’t qualify for aid — Just about everyone who completes the FAFSA qualifies for some form of aid. In addition, some scholarship eligibility requires students to complete the FAFSA.
  • Avoid Errors — Mistakes on the FAFSA can delay the application and impact eligibility for aid. Carefully read all of the questions, do not leave any blank fields, and make sure you receive a confirmation after you submit it.
  • Never pay to fill out the FAFSA — Filing is free, period. There are also a variety of free resources available to help students and families complete the FAFSA.

Sallie Mae also offers free FAFSA webinars in English and Spanish and an award-winning video series to help students and families complete the FAFSA. Families can also connect to scholarships for free using Scholarship Search by Sallie, no registration required.

For more information, tips, and resources on completing the FAFSA, visit: SallieMae.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

Contacts

Caron Jackson
caron.jackson@salliemae.com
856-873-0476

Sallie Mae

NASDAQ:SLM

Release Versions

Contacts

Caron Jackson
caron.jackson@salliemae.com
856-873-0476

More News From Sallie Mae

Sallie Mae® Expands Graduate Loan Options For Medical and Dental Students

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) today announced new and expanded graduate loan options for medical and dental students, supporting students from the first year of school through the transition into clinical practice. The enhanced offerings expand credit eligibility for qualified students and provide responsible financing with competitive interest rates, no origination or application fees, and flexible repayment options that reflect the longer training timelines and finan...

The Sallie Mae Fund Now Accepting Applications for Bridging the Dream Scholarship for High School Seniors

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund is now accepting applications for the 2026–27 Bridging the Dream Scholarship for High School Seniors. The Sallie Mae Fund’s Bridging the Dream Scholarship for High School Seniors, administered by Thurgood Marshall College Fund (TMCF), provides 30 high school students up to $10,000 each to help pay for higher education. Applicants must be Pell-Grant eligible high school seniors planning to attend an accredited two‑ or four‑year college or an eli...

Sallie Mae Announces $200 million Accelerated Share Repurchase

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) formally SLM Corporation, today announced that it has entered into a $200 million accelerated share repurchase (“ASR”) agreement with Goldman Sachs & Co. LLC (“Goldman Sachs”). The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae’s Board of Directors, effective Jan. 22, 2026. “Following our fourth-quarter earnings announcement, pursuant to our $500 million s...
Back to Newsroom