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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 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.
The agency says it has processed 1.5 million applications out of about 6 million received so far. The department “will continue delivering large volumes” of records in the coming weeks, its ...
"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 FAFSA has long been due for an update, and the new version released at the end of last year is a culmination of changes approved by Congress in 2019 and 2020. In previous years, the FAFSA ...
The school, which enrolled over 32,000 students last fall, is hoping to distribute aid offers by the first week of May — months behind its typical time frame of January to March.
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.
The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...