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The latest FAFSA form for college financial aid has been released

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4 months ago

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FAFSA

The latest FAFSA form for college financial aid has been released. Here are five key things to know

After facing delays and setbacks, the eagerly awaited new Free Application for Federal Student Aid (FAFSA) has made its debut, albeit in a limited manner. The Education Department has announced that the form will be periodically available online during a soft launch of the updated application.

This revamped form is the outcome of bipartisan laws passed three years ago with the aim of simplifying the application process and enhancing access to grant and scholarship funds. With a reduced number of questions and more data directly uploaded for applicants, experts anticipate that completing the FAFSA will be more straightforward than ever.

The updated FAFSA formula is expected to broaden opportunities for students from low- and moderate-income households to qualify for financial assistance. However, it’s worth noting that the changes may lead to reduced eligibility for some families, particularly those with multiple children in college.

Let’s take a closer look at how the new FAFSA will impact the millions of students who are either applying for or enrolled in college for the 2024-25 academic year.

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