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2024 FAFSA Resource Guide
Washington,
February 26, 2024
Tags:
Education
Dear Neighbor, Attaining a college degree is expensive and many students struggle to pay for higher education. The Free Application for Federal Student Aid (FAFSA) form is the first step for students to get federal financial aid to help pay for college. Universities and career schools use the FAFSA form to determine how much financial aid students are eligible to receive, and students must apply for financial aid every year they attend school. The Department of Education launched an updated FAFSA form for the 2024-2025 school year in late December, but the rollout was riddled with challenges. My oldest child applied to college in the fall, so I personally experienced the delay and frustrations that came with the new FAFSA form. My office put together this guide to help answer frequently asked questions about the updated FAFSA. 2024-2025 FAFSA Form - What You Need to Know
Getting Your Federal Student Aid Eligibility Results After your FAFSA submission is processed in March 2024, you will receive a FAFSA Submission Summary. This will only go to you, the student, not to your parents or spouse. The FAFSA Submission Summary will provide estimates of your eligibility for federal aid, including a Student Aid Index (SAI) number. While the SAI replaces the prior Expected Family Contribution, the SAI is not a dollar amount and does not reflect what you would pay to attend college. Colleges use the SAI number to determine your individual aid package. The FAFSA Submission Summary will give you useful information about the schools you are considering, including graduation rates, typical student loan debt, and the cost of attendance. This can help you decide where to enroll. Please read the FAFSA Submission Summary carefully because it will identify any required next steps, like making corrections or providing more information. Take these next steps quickly to maintain your aid eligibility. Frequently Asked Questions Who should complete the FAFSA form?
How long will it take me to complete the FAFSA form?
What information do I need to complete the FAFSA form?
When will my FAFSA form be processed?
How will I know that my FAFSA form has been processed?
When will I see my FAFSA Submission Summary?
How can I view my FAFSA Submission Summary?
Is my FAFSA Submission Summary the same as my financial aid offer?
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