ELI5: Explain Like I'm 5

FAFSA position

Okay kiddo, let me break it down for you. FAFSA stands for Free Application for Federal Student Aid. It's a form that you fill out when you're thinking about going to college and need some financial help to cover the cost. When you complete this form, you have to provide lots of information about your family's income and assets so that the government can determine how much financial aid you are eligible to receive.

Now, the FAFSA position is the order in which your application is processed by the government. The earlier you submit your FAFSA, the better your chances of receiving more aid. It's like being in a line for ice cream - the earlier you get in line, the more flavors and scoops you have to choose from before they run out.

So, if you want to maximize your chances of getting more financial aid, you need to submit your FAFSA as soon as possible – usually you can submit it starting on October 1st. This is especially important because some colleges and universities may have limited financial aid funds, so the earlier you apply, the more likely you are to secure your spot and receive the help you need to pay for college.