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Home » What Now? (And What’s Next?) With the FAFSA
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What Now? (And What’s Next?) With the FAFSA

July 1, 2024No Comments3 Mins Read
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Understanding the FAFSA Changes and What’s to Come

When the U.S. Department of Education introduced the “Better FAFSA” for the 2024-25 academic year, it was met with anticipation. The revamped form promised to simplify the application process, improve accessibility for first-generation students, and ensure aid reaches those in need.

However, technical issues resulted in significant delays in application processing, turning the Better FAFSA rollout into a prolonged debacle.

Consequently, colleges had to postpone their financial aid offers, leaving students without crucial information for making decisions, and FAFSA completions decreased by 12% compared to the previous year, with over 200,000 Class of 2024 members missing out on federal aid.

Despite the challenges this year, the FAFSA remains a crucial component of the financial aid process, and the delays have paved the way for a smoother experience for students and families. As highlighted by the National Association of Student Financial Aid Administrators (NASFAA), positive changes include streamlining the FAFSA by obtaining income information directly from the IRS, simplifying income questions, and shortening the application. Additionally, changes to Pell Grant eligibility criteria aim to make the process more straightforward.

To help students navigate the current delays and prepare for the upcoming 2025-26 FAFSA opening, here are some essential tools and answers to common questions.

Ongoing Delays and What Students Can Do

While more than 11 million students have completed the 2024-25 FAFSA applications, many are still awaiting their final financial aid packages due to delays in the correction system.

According to The Chronicle of Higher Education, the Education Department announced that colleges would not be able to submit corrections to students’ FAFSA records in bulk until the first half of August, prolonging the process for students with special circumstances. It’s crucial for advisors, counselors, and mentors to encourage students to stay informed and connected, even if they face delays. Resources like the toolkit from the National College Attainment Network (NCAN) offer guidance and troubleshooting ideas for both professionals and students.

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Positive Changes in the FAFSA for Students

The new FAFSA aims to address common barriers that deter students from applying for aid, such as language accessibility and the complexity of the form. With the form now available in 11 languages and containing fewer questions, it is expected to reach a wider audience and streamline the application process.

Updates to income calculations and Pell Grant eligibility criteria are designed to increase aid accessibility for students in need. The U.S. Department of Education projects that the new FAFSA will help thousands of low-income students receive Federal Pell Grants.

Preparing for the 2025-26 FAFSA

While the Federal Student Aid office aims to open the 2025-26 FAFSA on October 1, students should start preparing early to ensure they don’t miss out on financial aid opportunities. Creating a Federal Student Aid (FSA) ID, updating information on the FAFSA, and exploring private scholarship options are essential steps for students and families.

By staying informed and proactive, students can navigate the FAFSA process effectively and secure the financial support they need for their education.

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