Exciting news! The 2024-25 FAFSA is out! The 2024-25 Free Application for Federal Student Aid (FAFSA) has been released at https://studentaid.gov/h/apply-for-aid/fafsa.
Here are some key facts you need to know:
- Delayed Release: The FAFSA form, allowing students to seek financial assistance for the 2024-25 academic year, had a "soft launch" over the weekend. This is three months later than its usual release date of October 1.
- Streamlined Form: The new FAFSA form is now more user-friendly, featuring only 36 questions compared to the previous 108. Expanded College Choices: Students can now list up to 20 different colleges on the online FAFSA, doubling the previous limit of 10.
- FSA ID Login: Every applicant must create an FSA ID login. Notably, parents without a Social Security Number (SSN) can now also create an FSA ID login.
- IRS Data Retrieval Tools: The FUTURE Act amendments have replaced the IRS Data Retrieval Tools with a more efficient Direct Data Exchange between the IRS and the Department of Education/Federal Student Aid.
- Increased Pell Grant Eligibility: Lower and moderate-income families may now qualify for Pell Grants more than ever before. Pell Grants, which do not require repayment, aim to support families unable to contribute significantly to their child's higher education.
Note: Students who usually complete the California Dream Act Application (CADAA) can also submit the 2024-25 application at https://dream.csac.ca.gov/landing.
Make sure to take advantage of these updates and submit your FAFSA/CADAA on time for the priority financial aid process at your school (Miramar).
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