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The newly designed FAFSA – Free Application for Federal Student Aid – is now available online and must be filed for consideration for federal grants and student loans, as well as for many ...
For example, the 2024-25 FAFSA is based on 2022 income and tax information, not 2023 income and tax information. The form is expected to take around an hour on average for applicants to complete ...
The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...
In 2024, the Department of Education made substantial changes to FAFSA in response to the FAFSA Simplification Act in 2020. Some of these changes were initially plagued with technical errors and glitches, causing significant delays in the release of data to colleges and universities and considerable confusion and frustration among parents and ...
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 ...
If an applicant must correct a completed FAFSA form, it can be done in step 3 of the application, in the "Make corrections to a processed FAFSA" section. When the student completes or updates the FAFSA application, answers to questions determine eligibility for the Pell Grant, among other government grants and funding.
Changes to the 2024-25 FAFSA All major revisions outlined in the FAFSA Simplification Act will take place during the 2024-25 FAFSA cycle, which opened on Oct. 1, 2022, and ends June 30, 2025.
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.