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The FAFSA update is slated to add an additional $1.8 billion in need-based student aid, ... Federal and institutional student aid is disbursed on a first come, first serve basis. Applying as close ...
With that said, even if you don’t need money until later in the school year, it’s important to reapply or renew as soon as you can and not wait until the deadline, as some forms of aid are ...
The college financial aid application used by millions of American families is now officially open for the 2025-2026 school year -- 10 days ahead of schedule. What do I need to know about applying ...
Due to issues this year, FAFSA completion is down over 10% from the previous year — or over 232,600 fewer students finished the form compared to last year, according to data from NCAN.
The Department of Education recently made major changes to simplify the Free Application for Federal Student Aid, known as the FAFSA, but the rollout has been bumpy.
The FAFSA Deadline Act in 2024 made the October availability date part of the law. [8] The 2016–2017 academic year was the final time the FAFSA was not made available until January 1. [7] Two-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017–2018 academic year.
Once aggregate limits are met, the student is ineligible for additional Stafford loans until they pay back a portion of the borrowed funds. A student who has paid back some of these amounts regains eligibility up to the aggregate limits as before. Graduate students have a lifetime aggregate loan limit of $138,500.
The new rates are retroactive for all loans disbursed on or after July 1, 2013. That effectively reversed an increase in interest rate from 3.40% to 6.80% for affected loans. Federal student loan interest rates are fixed for the life of the loan; however, the rates for new loans will change annually, based on the current market.