FAFSA Simplification

FAFSA Simplification is the first major redesign of the Free Application of Federal Student Aid process in 40 years. Our goal in the Office of Scholarships and Financial Aid is to make sure we are here to support you and your family by making this a seamless process.

 

This significant overhaul will take effect for the 2024-25 school/award year, making it easier for students and families to complete and submit the FAFSA form. It also expands access to federal aid. You can learn more about the FAFSA Simplification Act on the studentaid.gov website.

 

What does it mean for me? 

• The FAFSA usually opens for the next academic year on October 1. Due to the changes, it will not be available until December (but no later than December 31, 2023).

  • • We have been told this date change is only for the 2024-2025 FAFSA and will go back to October 1 for 2025-2026 and beyond. Students will  notice fewer questions on the application and an easier way to transfer tax information directly from the IRS.

 

• Another change students and families will notice is the replacement of the Expected Family Contribution (EFC) with the Student Aid Index (SAI) and how your level of financial need is calculated. 

 

• This new formula will expand the Federal Pell Grant to more students who may have not received it in the past.

 

• Student and families will be required to report the value of the family farm and/or business.

 

• Student will notice a change in terminology for parents and student spouse. They will now be called contributors and each contributor will need to consent to their information being included on the FAFSA. 

  • • Students will be walked through a process that will help determine who is considered their parents/contributors. 

 

We will keep you updated as more information becomes available. Questions? Contact the Office of Scholarships and Financial Aid.