For the 2023-24 school year, many of the changes to FAFSA® are due to the FAFSA® Simplification Act passed by Congress.
The FAFSA opens on October 1st in most years. For the 2023-24 academic year, it opened on October 1, 2022. The 2024-2025 FAFSA became available on December 31, 2023. The 2025-2026 FAFSA will become available on or before December 1, 2024. Should you apply for FAFSA before applying to...
Most students will file the FAFSA as a dependent student, even if they have filed their taxes or support themselves. FAFSA only considers a student independent for the following reasons:24 years old during award year Married (or separated, not divorced) Working on advanced degree Serving in ...
Filers must report prior-prior-year taxes. For example, on the 2023-24 FAFSA form, you need to report 2021 tax information. You can import tax information into the FAFSA form by using the IRS data retrieval tool. Starting with the 2024-25 FAFSA, the Direct Data Exchange will replace the...
Planning Last-Minute Money for College View All 10 Slides Updated on Nov. 25, 2024: This article was published at an earlier date and has been updated with new information. Tags: paying for college, paying for community college, FAFSA, education, financial aid, taxes, students College ...
The Free Application for Federal Student Aid (FAFSA) became available on October 1 for the 2023–24 academic year. Why should you care? If you or your child is attending college, the FAFSA determines eligibility for federal student aid, including grants and work-study. ...
Planning Last-Minute Money for College View All 10 Slides Updated on Nov. 25, 2024: This article was published at an earlier date and has been updated with new information. Tags: paying for college, paying for community college, FAFSA, education, financial aid, taxes, students College Admissio...
Starting with the 2024-25 form, the parent who provided the most financial support for the student over the last 12 months will be the FAFSA contributor. If this parent is remarried and didn’t file their taxes jointly, their spouse will also be a contributor. In past years, the FAFSA us...
As when completing your taxes, families can choose topay a preparerto complete the FAFSA. In the past, some companies took advantage of students charging them to complete a form that they were unaware that they could complete for free. So there is a great deal of emphasis on not having to...
is manual. During COVID, many borrowers did not recertify their income since they did not need to. With repayment restarting in January of 2023, it will be essential for student loan borrowers to understand how they will file their 2022 taxes and make their benefits decision going into 2023....