A student completes their FAFSA late in the academic year, several months after their state's priority deadline and the college's preferred deadline. What is the most likely consequence for this student's financial aid package?

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C) They may miss out on state and institutional grant funding, which is often first-come, first-served.. While federal aid like Pell Grants generally have later deadlines, state and institutional grants are often awarded on a first-come, first-served basis. Late FAFSA submission can result in missing out on these limited funds.

A student completes their FAFSA late in the academic year, several months after their state's priority deadline and the college's preferred deadline. What is the most likely consequence for this student's financial aid package?

✓ Correct Answer: Option C

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