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  2. FAFSA fix opens $1.8 billion more in financial aid, but ...

    www.aol.com/finance/fafsa-application-inflation...

    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)

  3. FAFSA results are now delayed until March: What this means ...

    www.aol.com/finance/fafsa-results-now-delayed...

    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.

  4. Colleges get the green light from Department of Education to ...

    www.aol.com/finance/colleges-green-light...

    These, combined with a miscalculation in the Student Aid Index (SAI) formula, impacted about 30 percent of FAFSAs. As a result, many schools halted packaging and sending aid offers until the issue ...

  5. FAFSA - Wikipedia

    en.wikipedia.org/wiki/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.

  6. The new FAFSA: What you need to know to get financial ... - AOL

    www.aol.com/fafsa-know-financial-aid-college...

    The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...

  7. Expected family contribution - Wikipedia

    en.wikipedia.org/wiki/Expected_Family_Contribution

    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] While the minimum EFC was ...

  8. What is the FAFSA Simplification Act? - AOL

    www.aol.com/finance/fafsa-simplification-act...

    All major revisions outlined in the FAFSA Simplification Act will take place during the 2024-25 FAFSA cycle, which opened on Oct. 1, 2022, and ends June 30, 2025. These are the main things to be ...

  9. A delay of a key financial aid form could complicate college ...

    www.aol.com/finance/delay-key-financial-aid-form...

    One of the most significant changes is moving from the expected family contribution (EFC) need analysis formula to a student aid index (SAI) to determine eligibility for federal student aid.