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2024-25 FAFSA Changes

The FAFSA Simplification Act and other federal legislation have resulted in a significant overhaul of federal student aid including the Free Application for Federal Student Aid (FAFSA) form. Bookmark this page to stay informed about the 2024-25 financial aid process. 

 



January 30, 2024 Announcement from the Department of Education
The Department of Education has updated the supporting tables used in the Student Aid Index (SAI) calculation that account for inflation. Students' FAFSA information is now expected to be transmitted in batches to NSU and other schools beginning in the first half of March. Students will also be able to make corrections to their form starting in the first half of March.

January 23, 2024 Announcement from the Department of Education
The Department of Education will update the tables used to protect a portion of a family's income and assets from being considered in the Student Aid Index (SAI) by inflation-adjusted amounts. This will result in more students qualifying for additional federal aid.  How this decision will impact the release of FAFSA data to institutions has not yet been announced. 

Important Highlights

If you are experiencing a particular challenge in submitting your 2024-25 FAFSA you may not be alone. The Department of Education is maintaining a 2024-25 FAFSA Issue Alerts webpage so that filers can learn about the status of various issues and their resolution during the soft launch phase.

Before you can do anything, you will need a StudentAid.Gov account! Your StudentAid.Gov account username and password will be used to access federal student aid websites. If you already have an FSA ID, you are good to go. 

Create an Account

 

IMPORTANT: 

  • Students and their contributors will each need to have their own StudentAid.gov account username and password and unique phone number or email.
  • It can take several days for the account to be created and verified. Do this early!

If a contributor does not have a Social Security Number, Federal Student Aid will provide steps on how to create a StudentAid.gov account.

 

One of the new terms on the 2024-25 FAFSA is the "contributor." Student answers on the FAFSA determine who else will be a contributor.  Students will need the contributor's name, date of birth, Social Security Number, and email address to invite the contributor to complete the FAFSA. 

What/who is a contributor? 

  • Anyone required to provide information, a signature, or consent and approval to have federal tax information transferred directly into the FAFSA form is a contributor.
  • Contributors are not financially responsible for the student's education.
  • Contributors may include the student, the student's spouse, and the student's parent (biological, adoptive, or stepparent)
  • Contributors are determined by your dependency status, tax filing status, and marital status.

Who are not contributors?

  • grandparents
  • foster parents
  • legal guardians
  • siblings
  • aunts and uncles 

Additional information on contributors: 

  • If you are a dependent student, you must indicate your parents or stepparents as contributors on the FAFSA. 
  • If your parents are married and filed joint 2022 tax returns, only one parent needs to complete the FAFSA as a contributor. 
  • If your parents are married and filed separate 2022 tax returns, both parents need to complete the FAFSA as contributors. 
  • If your parents are divorced, separated, or never married, the parent who provides the most financial support should complete the FAFSA as a contributor. 
  • If you are married, you must indicate your spouse as a contributor on the FAFSA. 

What do contributors have to do?

  1. Have a StudentAid.gov account 
  2. Provide information required on the student's FAFSA form 
  3. Provide consent to have their Federal Tax Information (FTI) transferred from the IRS and sent to the colleges listed on the FAFSA.

 

fafsa contributor tasks

 

The FAFSA is considered complete and submitted on the date that all contributors (student, spouse, parent as applicable) complete and submit their sections, not when the student starts the FAFSA and not on the date the student completes/submits their own section.

If a contributor does not submit his/her section within 45 days, the FAFSA will be deleted, and the student will have to start the process over. 

In prior years, students and parents had the option to either enter their tax information into the FAFSA manually or to opt-in to the IRS Data Retrieval Tool. Beginning with the 2024-25 FAFSA, students and parents of dependent students, or spouses of independent students must provide consent and approval for their federal tax information to be transferred directly into the FAFSA to be shared with the schools listed on the FAFSA.

If any contributor refuses to provide consent and approval, the student will not be eligible to receive federal student aid. 

The Student Aid Index (SAI) is a different measure of a student's financial aid need replacing the Expected Family Contribution (EFC) value. The SAI is calculated using information the student (and contributors, if required) provides on the FAFSA. Students may have a negative SAI. Students with a negative or 0 SAI are eligible for the maximum Pell Grant.

Department of Education Announcements - Archive

The Department of Education will be treating the period leading up to and following December 31 as a "soft launch" period. Planned pauses for site maintenance will be initiated. During these pauses, filers may not be able to begin or resume work on the 2024-25 FAFSA. Applicants may also experience a waiting room feature to help control website volumes and to ensure optimal performance of the form.

For more information and to complete the 2024-25 FAFSA®  visit https://studentaid.gov/. 

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