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[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]
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 Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
The technology and product review website CNET.com noted last year's FAFSA errors, but encouraged this year's applicants to take the revised form seriously and fill it out early and in one sitting.
Not completing the FAFSA each year. ... With the more than 100 questions listed on the FAFSA, filling out the form can be a confusing, complicated process for many students and their families ...
One form covers both semesters of the school year with payments issued every quarter or semester. The date of filing depends on where you live, but it is recommended to file as soon as possible.
The FAFSA was only available to students for brief windows of time to start, and ED later allowed students to fill out the form between 8 a.m. and 8 p.m. most days. This period is when technical ...
The FAFSA is based on 2-year-old income information. For example, the 2024-25 FAFSA is based on 2022 income and tax information, not 2023 income and tax information.