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The debacle surrounding the rollout of the new Free Application for Federal Student Aid (FAFSA) affected the incoming fall class at three-quarters of private, nonprofit colleges and universities across the nation. Nearly half (49%) of respondents reported that their fall 2024 class was “more difficult to fill” due to the FAFSA delays.
After the failed initial rollout of a simplified FAFSA there could be devastating impacts on higher education enrollment for the next several years. Increase Resources Dedicated to FAFSA Simplification : The Department of Education should dedicate more resources to simplifying the FAFSA.
“The North Star Promise program is open to all Minnesota residents with a family Adjusted Gross Income (AGI) below $80,000, as reported on the Free Application for Federal Student Aid (FAFSA).” One of the first 10 questions that a student encounters in the FAFSA is ‘Who is your parent or guardian and what is their income information?’
A more efficient process is underway for filing the 2025-26 Free Application for Federal Student Aid (FAFSA). Cordona, the new process is informed by conversations with and feedback from students, institutions, and other stakeholders following a challenging 2024-25 FAFSA cycle. Jeremy Singer According to U.S.
Department of Education (ED) is delaying the sending out of student information relevant for financial aid calculations to institutions, higher ed scholars and officials have voiced concern and uncertainty over how this change will affect low-income and first-generation students in particular. Amid news that the U.S.
Right before the holidays, the Department released an update on where they are with reprocessing 2024-25 FAFSA records to Address Conflicting Information, Asset Known Issues, and Incorrect Reject Codes.
This year, helping her high school seniors through the newly simplified FAFSA application process has been more stressful than simple. Traditionally, the FAFSA form opens on October 1, leaving students and their parents plenty of time to fill out the form. as the new FAFSA system encountered glitches and repeated delays.
Amid ongoing issues with the new Free Application for Federal Student Aid (FAFSA) form this year, the City University of New York (CUNY) is looking to help. FAST will begin April 12 and continue until the end of this September, a CUNY spokesperson said in an email. to be able to be walked through it. I think there’s a lot of merit in that.”
These are the top 10 things to consider when applying for college financial aid as a divorced parent and provide insights to help you make informed decisions. Our office gets many questions on college financial aid, FAFSA, and divorced parents advice 2023.
Financial aid is tailored to individual students financial-need as assessed by the Free Application for Federal Student Aid (FAFSA). I advise anyone considering higher education to learn the facts and seek information from admissions and financial aid experts. The answer is because the actual out-of-pocket costs vary. Dr. Robin H.
The FAFSA Simplification Act, scheduled to go into effect this year, will cut the number of questions on the notoriously difficult application for federal aid—which is also used in calculations for state and institutional awards—from 108 to 36 for most students. Weiner, president of Assumption.
Department of Education (ED) has updated how it calculates the amount of aid students will receive to be in full alignment with the FAFSA Simplification Act. Cardona said the update, the latest in ED’s 2024–25 Better FAFSA ® implementation, will not impact implementation timelines. Since the new 2024–25 FAFSA form became available Dec.
FSA has released an electronic announcement to clarify how issues discovered during the 2024-25 FAFSA rollout would be treated in terms of conflicting information and the appropriate steps that Financial Aid offices should take.
Federal Student Aid has released volumes of the 2025-26 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical information for the 2025-26 award year and are only available as PDF documents at this time.
When the FAFSA Simplification Act begins to take effect this July, it’s expected to significantly affect the process of applying for financial aid, making the paperwork less complex and altering the formula for eligibility. However, there has been scant information on the specific impacts at a national level.
High school seniors who are ready to unlock financial aid and take the next step toward your education, it’s time to file your FAFSA. Completing the FAFSA (Free Application for Federal Student Aid) is one of the most important tasks you’ll need to tackle as you prepare for college. How to do it: Go to fsaid.ed.gov to create your ID.
Federal Student Aid has released volumes of the 2025-26 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical information for the 2025-26 award year and are only available as PDF documents at this time. Update on Feb. Update on Feb.
On Monday, Senator Bernie Sanders, Representative Bobby Scott and 106 Democratic lawmakers wrote a letter to Secretary of Education requesting additional information about how the Department of Education will support colleges and families as they implement the 24-25 FAFSA.
For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. With recent changes to the FAFSA process, it’s important to stay informed about whats going on. This can help to maximize your eligibility for aid and financial aid funding.
The policy incorporates information already collected in the FAFSA form, which is used to distribute Pell Grants. Despite collecting information on family wealth, traditional Pell Grants are distributed based on income and less-so on non-liquid assets like real estate or investments. “We
million Free Application for Federal Student Aid (FAFSA ® ) forms have been successfully submitted since the 2024-25 redesigned application went live Dec. The data come a few weeks after ED announced more than one million FAFSA forms had been submitted and the form were accessible 24/7. More than 3.1 Department of Education.
Heres a breakdown of the next steps after you submit your FAFSA. Confirmation of Submission Once you submit your FAFSA, youll receive a confirmation that your application has been successfully submitted. This confirmation will include a Student Aid Report (SAR) , which summarizes the information you provided on your FAFSA.
Federal Student Aid has released volumes of the 2025-26 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical information for the 2025-26 award year and are only available as PDF documents at this time. Update on Feb. 6, 2025: We updated Volume 5 Edits and Rejects.
The information was sent to colleges to help them prepare financial aid packages but now needs to be recalculated amid the backlog of other financial aid applications. The Technical FAQ and Known Issues Guide will document and respond to frequently asked questions about production ISIRs for the 2024-25 FAFSA year.
Discover our Top 10 FAFSA Tips for Divorced Parents in 2024—expert guidance tailored for navigating college financial aid. These insights stem from frequent inquiries and our seasoned experience in aiding divorced parents with the FAFSA. Both parents’ income and assets are reported on the FAFSA, even if divorced and/or remarried.
Recently Elizabeth Spiers of Slate.com asked me to comment on one of their readers’ questions on divorced parents, college financial aid, & FAFSA. How the school will assess the family’s information will differ from college to college. FAFSA or the CSS Profile? Yes, now they want four parents’ information.
If I had done so last year, I would have predicted a FAFSA nightmare, an election that would take our breaths away, and a very different landscape for college athletes. Early trials suggest were in for a much better, maybe normal, year of FAFSA. What could happen is the weakening of ED by shipping key programs (FAFSA?)
But the two programs – much like almost all others in the other states – require that students complete the Free Application for Federal Student Aid (FAFSA) to be eligible. These key recommendations inform what higher ed reform and affordability should look like moving forward, Williams said.
Here is an update on the FAFSA Changes For 2024-25. The Free Application for Federal Student Aid (FAFSA) will see the majority of changes starting in the 2024-25 academic year and not in the 2023-24 year that was originally planned. However, the new FAFSA application will be released on Oct 1, 2022.
Casualties of the ongoing FAFSA debacle continue to stack up, even as Federal Student Aid Director Richard Cordray leaves the situation behind. I’m so glad that my career has brought me a much more informed understanding of the sector. The FAFSA should be operational long before year’s end. While the U.S.
The text is designed for financial aid professionals and counselors to help students file their FAFSA applications, make corrections, and verify information. The Department of Education has released the Application and Verification Guide of 2025-26 Federal Student Aid Handbook.
Federal Student Aid has updated the 2024–25 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical and processing information for the 2024–25 award year. Update on November 27, 2024: We updated multiple edits in Volume 5 – Edits and Rejects.
It collects detailed information about your family’s financial situation, including income, assets, and expenses. FAFSA Deadline: The FAFSA deadline (Federal) is June 30 th 2025. Incomplete or inaccurate information may delay the processing of your application or result in your child receiving less financial aid.
Federal Student Aid has released the first four volumes of the 2025-26 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical information for the 2025-26 award year and are only available as PDF documents at this time.
Beta testing for the 2025-26 Free Application for Federal Student Aid (FAFSA) is officially available to a limited group of participants as the Department of Education announced in late August.
Federal Student Aid has updated the 202425 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical and processing information for the 202425 award year. Update on Feb. 21, 2025: We updated Volume 5 Edits and Rejects and Volume 7 Comment Codes.
Institutions now have access to the 2024-25 FAFSA Verification-IRS Return Transcript Matrix to compare data between a selected family’s tax data and the information submitted through the FAFSA application. The matrix is currently available as an excel document and is divided into five specific sections.
Federal Student Aid has updated the 202425 FAFSA Specifications Guide. The volumes contained in this guide contain FAFSA Processing System (FPS) technical and processing information for the 202425 award year. Update on Feb. 6, 2025: We updated Volume 5 Edits and Rejects.
territories, FSA has released additional guidance about how to properly report income and tax information on the FAFSA for the 2024-2025 academic year. Review the helpful information below to learn more. Territory Residents The post How to Report Income and Tax Information for U.S.
Your favorite student is adding schools after completing FAFSA. What is the best way to add additional colleges and universities after completing the FAFSA for the school? Filling out your FAFSA, especially for the first time, can be a confusing process. Login with an FSA ID or with student information at fafsa.gov.
Despite that overall undergraduate growth, NSCRC’s “Stay Informed” report for fall 2024 shows a decline in freshman enrollment. Mitra, vice president of student affairs & enrollment management at Queensborough Community College When asked if the FAFSA impacted freshman enrollment, Shapiro said the data doesn’t address that issue.
Federal Student Aid has updated Volume 9 of the 2025-26 FAFSA Specifications Guide to include the a test data file of a 2025-26 Institutional Student Information Record (ISIR). This file is for use in system testing by schools, state agencies, software providers, and other agencies and entities.
Many people that inquire about our Financial Aid advisor services want to know what are the responsibilities of a FAFSA preparer? The FAFSA form determines a student’s eligibility for federal grants, loans, and work-study programs. Preparing and submitting the FAFSA form on behalf of the student or family.
A roadmap for the 2024-25 FAFSA Process has been released in GEN-23-17 which includes a timeline leading to the 2024-25 FAFSA becoming available in December 2023.
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