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FSA to Roll Out 2024-25 and 2025-26 FAFSA Batch Corrections by Early 2025 (Nov. 8 Update)

College Aid Services

This surprising announcement places a significant burden on Financial Aid Administrators and may cause further delays in granting aid to students. Update on November 8, 2024: The Department previously indicated that the batch… More » FSA to Roll Out 2024-25 and 2025-26 FAFSA Batch Corrections by Early 2025 (Nov.

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2024-2025 Federal Pell Grant Maximum and Minimum Award Amounts

College Aid Services

Today, Richard Cordray, Chief Operating Officer for Federal Student Aid, published a Dear Colleague Letter (GEN-24-01) announcing the Federal Pell Grant maximum and minimum award amounts. For the 2024-2025 academic year, the maximum Pell Grant award remains fixed at $7,395 and the minimum award amount is $740.

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College Financial Aid Forms Decoded: Understanding What These Terms Mean

CFAA College Financial Aid Advisors

Financial aid forms may seem overwhelming, but they’re your ticket to unlocking the financial support you need. For high school juniors and seniors, now is the perfect time to dive into financial aid terms – and build a better understanding of them all. But, that’s why I’m here at CFAA! The good news?

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Updates to the 2024-2025 FAFSA Will Help Maximize Your Financial Aid

CFAA College Financial Aid Advisors

How the FAFSA is Making Financial Aid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal Student Aid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide. Who should file the FAFSA? That’s a huge change!

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Deciding on Financial Aid Offers: Do You Really Need All Those Loans?

CFAA College Financial Aid Advisors

Receiving a financial aid offer can be both exciting and overwhelming for college-bound students and their families. While grants and scholarships provide much-needed assistance, loans often make up a significant portion of the aid package. Spots for the 2025-2026 school year are open and are going quickly.

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How the New Student Aid Index Impact Your Financial Aid Offers

CFAA College Financial Aid Advisors

Maximize Your Financial Aid By Understanding the New Student Aid Index One of the biggest updates to the FAFSA is the introduction of the Student Aid Index (SAI). The Student Aid Index is replacing the Expected Family Contribution, which was the amount a family would have to pay out-of-pocket for college expenses.

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University of Richmond Expands Richmond’s Promise to Virginia

Diverse: Issues in Higher Education

Hallock More prospective University of Richmond students will qualify for Richmond’s Promise to Virginia thanks to changes to the initiative, which targets first-time, first-year students who meet certain income and need-based financial aid criteria.