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The FAFSA update is slated to add an additional $1.8 billion in need-based student aid, but colleges and universities won’t receive the new information until March, according to the DOE.
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.
Even if reprocessed FAFSA forms are sent to schools in coming weeks, many institutions will need at least two more to turn around their own aid packages, Mark Kantrowitz, a student financial aid ...
The FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...
The Federal Student Aid office announced 200,000 FAFSA applicants received incorrect financial aid packages that need to be recalculated and resubmitted to college financial aid offices.
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)
However, financial aid experts say implementing the fix to the Free Application for Federal Student Aid, or FAFSA, now could lead to delays in the students' receiving financial aid offers.
When the FAFSA is paused, families may not be able to start or resume work on the form, which will be used to determine financial aid eligibility for the 2024-25 academic year.