2024-25 FAFSA Update

2024-35 FAFSA Update

2024-25 FAFSA-UPDATE

We’re presenting a 2024-25 FAFSA update to students and their families. This information is based on an email received at 2:36 AM on 12/02/23 from the FSA Partner Connect – Weekly Knowledge Center Update.

♦♦12/29/23♦♦

Below is what appears on the login page. The application should be live with limited access through the holiday weekend.

FAFSA Going Live 12-29-23

By now, you should know that the new FAFSA includes significant changes to income reporting and financial aid calculation.

If you’re unfamiliar with the changes, read our FAFSA 2024-25 Rundown. Watch the Education Unpacked “The Changes to FAFSA 2024-25 You Don’t Know About But Should” video to learn how these changes may impact you and how you can prepare and offset some of the negative impacts.

By December 31, 2023 is the only commitment made by Federal Student Aid.

December 31 is a Sunday before a federal holiday.

If the application is released on Friday, December 29, it is unlikely help will be available over the holiday weekend.

Historically, there have been hiccups during the early days of a new FAFSA application. This year may experience more widespread issues due to the first use of a new system.

12/15/23 Announcement from FSA Partner

The end-of-the-year FAFSA release will be a “soft launch.”

  • Contributors may be placed in waiting rooms to avoid system overload.
  • There will be periodic scheduled maintenance.
  • Student/family information will be delivered to universities in late January.

When attempting to access the FSA Partners website, this is what appeared the last two weekends. Note: This is not the Federal Student Aid website, where students and their families file the FAFSA.

FSA - Maintenance message

Click here for the complete announcement from FSA Partners.

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Release of the 2024-25 FAFSA

Mortarboard cap with financial aid over one hundred dollar bills.

 

The Latest Information

The latest update regarding the release of the 2024-25 FAFSA application from FSA Partners is out and it’s a little concerning.

The notice was time-stamped 9:01 PM on 11/11/23 – a Saturday following a federal holiday.

The internal links take you to the website, which states it was last updated on 11/07. The initial communication was 10/20.

****Three days after publishing this post, it was announced that the 2024-25 FAFSA application would be released by 12/31/23.****

The application will be released by (probably on ) 12/31 but that does not mean everything is on track to go smoothly.

READ THIS IMPORTANT ANNOUNCEMENT

NASFAA Statement on 2024-25 FAFSA Launch Date

What’s Been Shared with Universities?

Here’s a screenshot of the first section on the website.

2024-25 FAFSA update

Click to enlarge

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FAFSA 2024-25 Rundown

Update on the FAFSA 2024-25 Applicati

The 2024-25 FAFSA

UPDATED: 12/07/23 & 11/26/24

Key FAFSA Changes Not Previously Reported

  • With the launch of the 2024-25 FAFSA application, students have more control.
  • The student must initiate the application process.
  • If parent/guardian information is required, each parent must be invited as a contributor.
  • Any application that is dormant for 45 days will be deleted. The student will be required to start from the beginning.

We’ve added three new reference links to the end of this post.

This just in on 11/15/23

The improved FAFSA form will be available for students and parents by Dec. 31, 2023. Students who complete the form will receive a confirmation and see their estimated student aid eligibility. 

This just 11/14/24

The improved FAFSA form will be available for students and parents by Dec. 31, 2023. Students who complete the form will receive a confirmation and see their estimated student aid eligibility. 

If you’ve had trouble keeping up with the changes to college financial aid, here’s a FAFSA 2024-25 rundown.

We’ve compiled a list of the most pertinent changes affecting students and families. We examined many of them in previous videos and posts but included a few previously unreferenced revisions in this post.

Some of the changes were phased in over the last two years. The ones specific to the 2024-25 school year are noted.

***UPDATE: The U.S. Department of Education announced that the FAFSA application for the 2024-25 school year will be released in December – not October 1.***

Institutional Preparation is Underway

On September 29, 2023, a prototype of the 2024-25 FAFSA was released to FSA Partners (for college financial aid administrators). It has limited functionality, but it signals some progress is being made. 

Additional information and preparation continue for financial aid administrators, but as of 11/03/23, there is no update on when the new application will be released to the public.

It is unclear what impact a November government shutdown will have on the release and processing of FAFSA applications, but a negative impact is likely.

McCarthy’s Ouster Raises Likelihood of a Government Shutdown (msn.com)

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Categories: Financial Aid High School Seniors | College Students

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