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The new FAFSA, which will be used to determine financial aid eligibility for the 2024-25 academic year, is shorter and easier to fill out. ... The Pell grant is worth up to $7,395 during the ...
Changes to the 2024-25 FAFSA All major revisions outlined in the FAFSA Simplification Act will take place during the 2024-25 FAFSA cycle, which opened on Oct. 1, 2022, and ends June 30, 2025.
BestColleges outlines the problems with the rollout of the 2024-2025 FAFSA and updates on how they are getting solved.
Pell Grant Preservation and Expansion Act of 2024: Introduced in mid-2024 by Senator Mazie K. Hirono (D-HI), this bill proposes an increase in the maximum Pell Grant award. Under this legislation, the maximum would increase from $7,395 to $10,000 for the 2025-2026 award year, alongside increases up to $14,000 over the next five years.
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. ... Some $108 million in federal Pell Grant ...
Federal Student Aid offers several different types of financial aid programs. [18] Pell Grant – A grant of up to $6,195 (as of the 2019–2020 Award Year) for students with a low expected family contribution. [19] A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA. [20]
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 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 ...