The journey to college just got smoother with the launch of the 2024–25 Free Application for Federal Student Aid (FAFSA)!** Buckle up for this comprehensive guide, your go-to resource for navigating the revamped application process and securing financial aid for your higher education dreams.
Who needs to fill out the FAFSA?
- Students planning to attend college between July 1, 2024, and June 30, 2025, are eligible.
- Create your StudentAid.gov account before starting the FAFSA and ensure your name and Social Security number match your Social Security card exactly.
What’s new?
- Increased affordability: 610,000 new students from low-income backgrounds can now receive Federal Pell Grants due to updated calculations.
- Streamlined experience: Skip up to 26 questions based on your unique circumstances, potentially finishing in just 10 minutes!
Soft launch, deadlines, and updates:
- The FAFSA launched December 31, 2023, but it’s a “soft launch.” Expect website availability changes and planned maintenance.
- Don’t worry if you submit during the soft launch; your information will be saved.
- The federal deadline to submit the FAFSA is June 30, 2025, but individual colleges and states may have earlier deadlines. Check with your desired schools for their specific timelines.
What about documents and after submission?
- Gather documents like parents’ SSNs (dependent students), 2022 tax returns, and financial account statements.
- Upon submission, you’ll receive an email with estimated eligibility information and your Student Aid Index (SAI).
- Federal Student Aid will send your FAFSA information to colleges in late January, and they’ll provide personalized aid offers.
Bonus resources for counselors and educators:
- Access the financial aid toolkit for valuable resources and guidance.
- Schedule FAFSA completion events later in January or February to accommodate the soft launch.
- Utilize the presentation and webinar provided to aid students with special circumstances.
Remember, applying early is key! Don’t hesitate to reach out to your school’s financial aid office for further assistance.