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Graduation day for the Class of 2022 is approaching, and many graduates will encounter significant student debt. Scholarship advisor David Toboknikov emphasizes that students can apply for scholarships at any time, suggesting they start from junior year in high school until their education ends. It's particularly crucial to fill out the FAFSA for school-based scholarships, with a deadline of February 1st. Toboknikov highlights the availability of various scholarships, including corporate and non-profit options, which can help reduce the financial burden on students and their families.