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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.
Starting on January 8, the 2024-25 FAFSA application was made available 24 hours a day, seven days a week – except for routine maintenance typical of any FAFSA cycle, according to the Department ...
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 ...
The FAFSA is different from CSS Profile (short for "College Scholarship Service Profile"), which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is used by the colleges to distribute their own institutional funds, rather than federal or state ...
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]
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.
On the FAFSA application there will be an option that asks if the student would like to be considered for the work-study program. This option must be checked by the applicant. This will ensure that the student is considered for the Federal Work-Study program. The applicant's financial need will be determined based on their application.
While tax information is used, Kantrowitz said you don't need to wait to file a 2024-25 FAFSA until you file your 2023 tax returns or even are admitted to a college. The FAFSA is based on 2-year ...