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Key takeaways. The Free Application for Federal Student Aid (FAFSA) is a form you complete annually for financial aid. If your parents never married, enter "never married" for Step 4 on the form.
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 ...
Parental income and assets are required with your FAFSA if you are a dependent student. Some schools may offer a dependency override that rules out any income from parents when you meet certain terms.
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
Students can file an appeal with their college financial aid office in order to seek additional financial aid if their current financial situation is no longer the same as the financial information they provided on FAFSA (i.e. their parent recently lost their job). The exact appeal process can vary from school to school.
Students who wish to apply for the Federal Work Study Program must file the Free Application for Federal Student Aid . [5] On the FAFSA application there will be an option that asks if the student would like to be considered for the work-study program. This option must be checked by the applicant.
Applying for FAFSA became more uncertain this year. Bold.org pulled together the latest tips for applying to set you up for success. 9 tips for applying for FAFSA as new, simplified form rolls out ...
College advisers suggest that parents keep financial records, including tax forms, business records, to use when applying for financial aid, [81] and complete the FAFSA online, using income and tax estimates (usually based on previous years), early in January of their college-bound student's twelfth grade. [75]