Why does everyone rush to submit FAFSA and CSS to colleges? Whats the advantage of this? The earlier you hand in, the more FA you are going to receive? I confused.
For need-blind colleges, only after admission dept tell FA dept who get admitted, then the FA dept starts to calculate this students FA package. Thousands of applications might take weeks to read, and to finalize the admitted student list. So, even though parents submit FAFSA and CSS early, it still has to wait there until admission decision is made. My understanding is, submitting FAFSA on Jan 1 or Jan 31 will be the same.
For need-aware and rolling admission, Colleges maybe start to consider students who submit FAFSA early.