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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.
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 ...
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.. It ...
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]
The program is open to both undergraduate and graduate students. Students should check with the current requirements for FAFSA. Students can start to investigate the FAFSA as early as junior year of high school. [3] The Free Application for Federal Student Aid is open to all students who have need.
Most federal aid is need-based. The three most common types of aid are grants, loans, and work-study funds. 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.