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NEW YORK (AP) — A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of ...
Usually, the FAFSA is available on October 1 each year, but the overhaul of the form pushed back the release date by roughly three months. That gives families less time to fill out the form for ...
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.
[1] 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]
For example, Cal Grant A provides full mandatory tuition and feeds to students. Funds from Cal Grant B are given to eligible low-income and underprivileged students. For first-year students, an amount of up to $1,648 for books and living expenses were provided in the school year 2023-24.
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.
You may have to fill out information for only one parent.
Cal Grant gives funds to students who meet grade point average and parent income requirements. Up to $12,630 a year is available to qualifying students which can be applied to tuition, room and board, or books and other supplies. [2] Cal Grant applicants must file FAFSA or California Dream Application between October 1 and March 2 each year ...