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The FAFSA update is slated to add an additional $1.8 billion in need-based student aid, but colleges and universities won’t receive the new information until March, according to the DOE.
Over 150,000 FAFSA applications have been successfully submitted and an additional 250,000 applications are in progress. (Getty Images) (Richard Stephen via Getty Images)
"It’s been a challenging year for the FAFSA, but I’m proud of the progress we’ve made in recent weeks,” Kvaal said. To start, the “soft launch” of the 2024-25 FAFSA had a $1.8 billion ...
The Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
The FAFSA Deadline Act in 2024 made the October availability date part of the law. [8] The 2016–2017 academic year was the final time the FAFSA was not made available until January 1. [7] Two-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017–2018 academic year.
FAFSA is the form millions of families, like mine, began filling out in December to apply for most state and federal student grants. The FAFSA process has been delayed for months when a much ...
To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of ...
The Federal Student Aid office announced 200,000 FAFSA applicants received incorrect financial aid packages that need to be recalculated and resubmitted to college financial aid offices.