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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Categories: Financial Aid

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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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Scholarships for Younger Students

Scholarships for younger students.

College Scholarships for All Ages

Contrary to standard practice, students should not wait until their junior or senior year of high school to apply for college scholarships. There are college scholarships for elememtary and middle school students. These scholarships tend not to be as large as the ones offered for juniors and seniors but can add up to a considerable sum over time.

With the high cost of college, every dollar counts.

Unlike buying a lottery ticket, scholarships require someeffort for success. The amount of effort is dictated by the scholarship requirements.

The Benefits of Starting Early

Aside from the potential monetary benefit, students who begin applying for scholarships in lower grades will be experts by the time they’re a junior in high school.

Being familiar with the process early will help them in their final high school years, when they are Younger students in classapplying for larger scholarships with lengthier applications.

It’s not much different than the career ladder. The more effort you put in – the more you learn and develop – the greater your chances for success.

By the time they reach the upper level of high school, they will be “seasoned professionals.”

A Caveat Regarding Private Scholarships

Before you accept an offer of admission from or apply to a college/university, check the school’s policy on private scholarships.

Many schools will reduce the amount of institutional aid by an equal or lesser amount of the awarded scholarship.

Other schools will not alter what they offer and you can use the private scholarship toward any remaining balance or for personal expenses.

Know before you go. 

What’s available?

Scholarship requirements vary. Some are short essays, some are group projects, and some are video submissions. There are serious and focused applications, while others are slightly silly, e.g. writing about the Zombie Apocalypse

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Categories: Scholarships

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