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ED kept its promise of launching the 2024-25 FAFSA by the end of 2023, although just barely. The department called its Dec. 30 occasion a soft launch of the form .
After the 2024-2025 aid year, the FAFSA will be available in October as usual. — The 2024-2025 FAFSA determines your financial aid eligibility for the fall 2024, spring 2025, and summer 2025 terms.
The Education Department initiated a "soft launch" of the 2024-25 Free Application for Federal ... more than 17 million students and approximately 5,500 colleges and universities use the FAFSA form.
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 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.
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 ...
The FAFSA is a relatively easy form to fill out, as it lets parents link to their previously filed tax returns to answer the financial questions. It has now been streamlined to just 36 questions ...
According to the FAFSA, the age of independent status is 24 years or more. On the 05-06 fafsa the questions asks if you were born before january 1st, 1981 and on the 06/07 fafsa, its were you born before 01/01/1982. Thus the student needs to be at least turning 24 in that calendar year. This comment is mostly accurate.