How long does it take to process a FAFSA application?

The processing time for a FAFSA application varies, but on average, it takes about three to five business days for the application to be processed. However, this time frame may increase during peak periods, such as the beginning of the academic year. It is crucial to make sure that the application is complete and accurate to expedite the processing time. Although the application is processed quickly, it does not mean that the financial aid award will be disbursed immediately. After the processing, colleges and universities will review the application and determine the student's eligibility for financial aid. The time to receive the award can vary depending on the institution and other factors. Thus, it is recommended to complete the FAFSA as early as possible to maximize the chances of receiving financial aid.