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One form covers both semesters of the school year with payments issued every quarter or semester. The date of filing depends on where you live, but it is recommended to file as soon as possible.
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The U.S. Department of Education started a “soft launch” of the new and simplified Free Application for Federal Student Aid form — often referred to as the FAFSA — last weekend.
The college financial aid application used by millions of American families is now officially open for the 2025-2026 school year -- 10 days ahead of schedule. What do I need to know about applying ...
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 attending a college, the student has a financial need (as the term is used in the U.S. financial aid system).
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.
Direct Unsubsidized: Unlike Subsidized loans, these federal loans do not require students to demonstrate financial need and they are responsible for paying interest on the loan during all periods. If the student chooses not to pay the interest while in school, the interest will accumulate and be added to the principal. [12]
The federal financial aid form looks different in the 2024-25 school year. Here's what college students and parents need to know about the new FAFSA.