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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. ... fill out the Free Application for Federal ...
Recent changes have altered when the Fafsa form may be filed as well as factors which determine federal student aid eligibility. Here is what to know. FAFSA is changing for 2024.
Starting on January 8, the 2024-25 FAFSA application was made available 24 hours a day, seven days a week – except for routine maintenance typical of any FAFSA cycle, according to the Department ...
While tax information is used, Kantrowitz said you don't need to wait to file a 2024-25 FAFSA until you file your 2023 tax returns or even are admitted to a college. The FAFSA is based on 2-year ...
To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid . The financial aid process has been criticized for its part in enrollment management, whereby students are awarded money not based on merit or need, but on the maximum the student families will pay. [1]
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 US Department of Education made the FAFSA available earlier to more closely align the timing of the financial aid application process with the typical college application process. [7] The FAFSA Deadline Act in 2024 made the October availability date part of the law. [8]
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 ...