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In past years, the IRS Data Retrieval Tool helped filers pull information from their tax return into the FAFSA, but the new process will be automatic and available to everyone, said Jill Desjean ...
So if you were applying for federal student aid to cover the school year starting in fall 2022, you could’ve submitted your FAFSA form starting Oct. 1, 2021, using your 2020 tax returns that ...
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.
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]
Scholarships may have a financial need component but rely on other criteria as well. Some private need-based awards are confusingly called scholarships and require the results of a FAFSA (the family's EFC). However, scholarships are often merit-based, while grants tend to be need-based. Scholarships, similar to grants, do not need to be repaid ...
The Free Application for Federal Student Aid, known as the FAFSA, officially opened Thursday for students seeking financial aid for college during the 2025-2026 school year.
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 ...