2024-25 FAFSA available on December 31, 2023
The new 2024-25 FAFSA will be available by December 31, 2023. But there will still be some other delays that could impact both colleges and their students.
Although the release of the 2024-25 FAFSA is later than usual, a December 31 release date does meet the requirements of the FAFSA Simplification legislation. The Department of Education is required by law to have the new 2024-25 FAFSA available by January 1, 2024.
In announcing the release of the FAFSA today (November 15, 2023), the Department said the changes to the FAFSA form “represent the most ambitious and significant redesign of the processes to apply for federal student aid and the formulas used to determine aid eligibility since. . . the Reagan era.”
However, rather than receiving student information shortly after the FAFSA submission, the Department said colleges will start receiving student records by the end of January 2024, rather than shortly after the student has submitted a FAFSA for processing. As a result, there is a potential for further delays in financial aid offers to students.
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