Time is of the essence for parents seeking college financial aid - KMOV.com

Time is of the essence for parents seeking college financial aid

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October 1, 2017 is the first day students can submit the nationwide financial aid application known as FAFSA, or Free Application for Federal Student Aid. (Credit: Braden Walker/CNN) October 1, 2017 is the first day students can submit the nationwide financial aid application known as FAFSA, or Free Application for Federal Student Aid. (Credit: Braden Walker/CNN)

ST. LOUIS (KMOV.com) -- Parents of high school seniors are being reminded to act now if they’re looking for financial aid for college.

The free application for federal student aid is open and ready for submissions.

Here's how it works: Submit the FAFSA form and you'll get a student aid report that tells you what federal aid you qualify for, like Pell grants or work-study. Then enter that information into the net price calculator on any college's website to get a rough idea of what you'll need.

"Many state, college and scholarship programs need your FAFSA to determine how much aid you're going to get and often it's on a first come first serve basis," said Donna Rosato, money editor for Consumer Reports.

The Missouri Department of Higher Education has set up free sessions to help you fill out the FAFSA.

You can find the sessions here: https://journeytocollege.mo.gov/pay/file-a-fafsa/fafsa-frenzy/public-fafsa-frenzy-events/

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