FAFSA Guidelines and New Changes
The Department of Education has implemented several changes to the FAFSA form for 2024 - 2025. Following are some guidelines and a description of those changes.
The 2024-2025 FAFSA will have fewer questions, reducing complexity for students and families.
More College Choices
Students can now list up to 20 colleges on their FAFSA, doubling the previous limit.
The FAFSA will be available in the 11 most common languages spoken by English learner students and parents, enhancing accessibility.
Simplified Tax Info
Starting in 2024-2025, all FAFSA applicants must use the IRS Direct Data Exchange (DDX) to share tax information, streamlining the process.
A "contributor" is someone required to provide information on a student's form, ensuring accurate data.
Contributors must provide information on the FAFSA, but it doesn't imply financial responsibility for the student's education.
The FAFSA now considers the parent who has provided the most financial support in the last 12 months.
A tool that helps students identify the correct contributor if they're unsure.
Once a contributor is selected, it can't be changed for the full aid year.
Need Analysis Update
The formula no longer considers the number of family members in college, impacting some students.
SAI Replaces EFC
Aid will be determined using the Student Aid Index (SAI) instead of the Expected Family Contribution (EFC).
Pell Grant Changes
Pell Grant awards will vary based on SAI, with a minimum SAI of -1500.
Alternate EFCs Eliminated
Alternate EFCs for non-9-month enrollment periods are eliminated.
Family farms and small businesses must be reported as assets, affecting financial calculations.
Separated students should not indicate they are married on the FAFSA.
Homeless youth, foster care, and court wards will have their status carried over to successive aid years.
Be aware that the Department of Education may alter information due to the FAFSA Simplification Act - we'll keep you informed.