FAFSA

From workshops and 1-1 advising to tips and helpful resources, I Know I Can is here to help you navigate the FAFSA (Free Application for Federal Student Aid). 

FAFSA

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.

Preparing for the 2024-25 FAFSA

Prior to the launch of the new application in December, families are encouraged to create their FSA IDs at https://studentaid.gov/fsa-id/create-account/launch.

Like in previous years, each contributor will need their Social Security Number*, full name, date of birth, and phone number or email address to set up their FSA ID.

*Please note: There will be an alternative process for contributors who do not have an SSN.

NEED HELP?

I Know I Can will be hosting FAFSA workshops upon the release of the 2024-25 FAFSA Form. Additionally, students are encouraged to meet with their I Know I Can advisor in their high school or on their college campus.

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