December 1, 2023 the new FAFSA will be available for 24-25 school year
Larger Pell Grants ($7,395) and higher income protection allowance
Effectively eliminating sibling discount
EFC term is changing to Student Aid Index (SAI)
Federal Student Aid Estimator will provide an estimate to Pell Grant eligibility
IRS Data Retrieval Tool will have less steps to complete
Must consent to IRS Retrieval or will not become eligible for federal aid
FSA ID’s are now required. No longer accepting mail-in signatures
Families with an Adjusted Gross Income below $60,000 can bypass listing assets
Can now include up to 20 colleges on the form for single submission
Students will login separately and respond to questions specifically for the student
Parent will login separately and answer questions pertaining to the parent sections
Individual institutions will adjust awards based on special circumstances after filing FAFSA
No changes to the CSS Profile
This information may change once the rollout commencesÂ
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