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The FAFSA is different from CSS Profile (short for "College Scholarship Service Profile"), which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is used by the colleges to distribute their own institutional funds, rather than federal or state ...
The new FAFSA, which will be used to determine financial aid eligibility for the 2024-25 academic year, is shorter and easier to fill out. Additionally, many low-income borrowers are expected to ...
The FAFSA is a free government application that uses financial information from you and your family to determine whether you can get financial aid from the federal government to pay for college.
The FAFSA will still ask for the number of family members in college, but it won’t be a factor in determining financial aid eligibility. As a result, some families will see a change in how 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 ...
By completing a FAFSA, colleges and universities can determine your eligibility for financial aid. Nearly all students who complete the FAFSA receive some type of financial assistance.
Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status. Federal Pell Grants are designed for low- and middle-income undergraduate students. Pell Grants for the 2023–2024 school year range from $750 to ...
The FAFSA typically opens in October, but changes to the application delayed its opening date to Dec. 31. That means students and their families have a smaller window to apply before college ...