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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. There's a new FAFSA in 2024.
The FAFSA form for the 2023-24 school year became available Oct. 1, 2022, and is due June 30, 2024. The FAFSA form for the 2024-25 school year became available Dec. 31, 2023 (it was late to allow ...
Call 1-800-433-3243 to obtain a PDF of the form; The Higher Education Opportunity Act of 2008 authorized fee-based FAFSA preparation. [9] By law, fee-based FAFSA preparation services must on initial contact with students inform them of the free option and be transparent about their non-affiliation with the U.S. Department of Education and their ...
For example, the 2024-25 FAFSA is based on 2022 income and tax information, not 2023 income and tax information. The form is expected to take around an hour on average for applicants to complete ...
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 ...
In the post-secondary education system of the United States, an expected family contribution ( EFC) is an estimate of a student's, and for a dependent student, their parent (s)' or guardian (s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an ...
Changes to the 2024-25 FAFSA 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.
Recent changes have altered when the Fafsa form may be filed as well as factors which determine federal student aid eligibility. Here is what to know. FAFSA is changing for 2024.