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2024-25 FAFSA Changes

CHANGES TO THE FAFSA

 

FAFSA CHANGES: The FAFSA Simplification Act is a sweeping redesign of the processes and systems used to award federal student aid starting with the 2024–25 award year.

  • It extends Federal Pell Grants to more students.
  • Eligibility is tied to family size and the federal poverty level.
  • The need analysis formula removes the number of family members in college from the calculation.
  • The net value of a business and/or a farm must now be reported.

 

WHEN TO FILE THE 2024-25 FAFSA:  The 2024-25 FAFSA will not be available to complete until December 2023.  Students will receive an email when it is available.  After 2024-25, the available date will return to October 1.

 

WHO IS A CONTRIBUTOR: Contributors are those persons required to provide information on the FAFSA, including the student, student's spouse (if married); for dependent students, the student's biological or adopted parent. The contributor is never the grandparent, unless they legally adopted the student.

  • If the student’s parents are divorced or separated from each other, the contributing parent should be the parent (and their spouse, if remarried) who provided the greater portion of financial support during the previous 12 months.   It is not automatically the parent the student primarily lived with during the previous 12 months.
  • Everyone contributing to the FAFSA form online must have their own StudentAid.gov account. Each contributor, including the student, will access their account with their own FSA ID (account username and password).
  • All students and contributors must provide consent and approval to have their federal tax information transferred directly into the FAFSA form via direct data exchange with the IRS. This federal tax information will be used to determine the student’s eligibility for federal student aid. If a student or required contributor does not provide consent and approval, the student will not be eligible for federal student aid.

 

WHAT TO DO FOR SPECIAL CIRCUMSTANCES:  Always contact the Financial Aid Office.  You may initially send an email explaining your situation and then may be asked for additional documentation.

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