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What changes did FAFSA make?

Streamlining the FAFSA Form The FAFSA Simplification Act also removes questions about Selective Service registration and drug convictions. It also adds questions about applicants gender, race, and ethnicity, which have no effect on federal student aid eligibility (starting with the 202324 award year).

Do parents who make $120000 still qualify for FAFSA?

Yes, you can still apply for FAFSA (Free Application for Federal Student Aid) even if your parents have a high income. However, the amount of financial aid you receive may be limited because FAFSA primarily considers your familys financial situation when determining your eligibility for need-based aid.

How do I change my financial aid application?

After your form has been processed, you can correct your FAFSA form online or on paper. Log in to your StudentAid.gov account to make changes online. If youre a dependent student and you change information about your parent(s), they must re-sign your FAFSA form electronically using their own StudentAid.gov account.

What did the FAFSA change?

The 2024-2025 FAFSA changes how eligibility for Pell Grants (which are a type of need-based financial aid) is determined. Students will now automatically qualify for Pell Grants based on family size and income and will know the amount of their Pell Grant much earlier in the process before they apply to colleges.