An interesting Wall Street Journal article talks about why students planning on taking a year off should still complete their financial aid.
First, no matter how much money you think you make and that
Free Application for Federal Student Aid. Why? Because many colleges also use the FAFSA and the College Board’s CSS Profile (if the school requires it) to determine merit aid too.
The Wall Street Journal article notes plans change. Maybe your student might actually go in the fall (stuff happens). Also, you absolutely should check how a gap year can impact your aid (same with credits you might transfer).
Check out the article!