The FAFSA (Free Application for Federal Student Aid) is used to determine your eligibility for federal student aid, including loans, grants, and work-study. The FAFSA may also determine your eligibility for state and school aid as well.
BIG CHANGES ARE COMING TO THE 2024-25 FAFSA:
- The FAFSA form will not launch until December 2023 unlike previous years when it was released on October 1st.
- Each contributor (student, parent, spouse) is required to provide information on the FAFSA and will need an FSA ID to access and complete their section of the application.
- The FSA ID is an account username and password combination that allows students and parents to log in to StudentAid.gov and identify themselves electronically to access U.S. Department of Education systems.
- All contributors must provide consent to have their federal tax information transferred directly into the student’s FAFSA via direct data exchange with the IRS.
- The Expected Family Contribution (or EFC) is being replaced by a Student Aid Index (SAI) which will now determine a student’s need-based federal aid eligibility.