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If you miss a state deadline, submit your FAFSA as soon as possible, then reach out to your state’s financial aid agency to ask about your options. There’s a possibility that you still could ...
The FAFSA is a free government application that uses financial information from you and your family to determine whether you can get financial aid from the federal government to pay for college.
This year's process for students applying for federal, state and university financial aid has been full of changes and delays, but there's still time for students and families to submit important ...
To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of ...
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.
The Federal Reserve Bank of New York reported that 20% of all student debt – mostly in the federal program – is at least 90% delinquent. [ 3 ] While overseeing $864 billion in outstanding student loans, Federal Student Aid ensures that all partners in the student aid community—schools, servicers and guaranty agencies—operate fairly ...
The Department of Education has found another problem impacting some college financial aid forms that could further delay students’ aid awards, leaving them in limbo as they decide where to ...
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.