If families aren’t ready to go when the new FAFSA launches Dec. 1, they could miss out on state and institutional aid, or miss the FAFSA deadline completely.
For the first time since 2016, the Free Application for Federal Student Aid will not be ready on Oct. 1 for the following academic year. Instead, students have to wait until December to fill out and submit a redesigned application for financial aid — including federal student loans, grants and work-study — for the 2024–25 school year.
Here are steps you can take now to make sure you’re ready to go when the new FAFSA is released in December.Find your FSA ID Your Federal Student Aid ID is required to complete the FAFSA online, track the status of your application and make any changes and updates. It wasn’t required for the 2023-24 FAFSA, but it’s a must-have for the new one, according to NCAN.
Track your school’s deadlines States and schools can have financial aid deadlines much earlier than the FAFSA deadline. Missing an institution’s deadline could mean missing out on aid.Many schools set priority deadlines in March before the relevant academic year, says Dana Kelly, vice president of professional development and institutional compliance for the National Association of Student Financial Aid Administrators.
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