More Students Now Eligible For Federal Aid
The 2024-25 Free Application for Federal Student Aid (FAFSA) has just been updated so now more students are eligible to receive federal aid. More than 610,000 students across the country will be newly eligible for Pell Grants, which are financial aid students generally don’t have to pay back. The application is used by both the federal government and your college to determine eligibility.
The FAFSA application can make a variety of financial aid options available, including grants, scholarships, loans and work-study options. These all go toward the cost of higher education.
Students or their families will need to obtain a “FSA ID” on the Federal Student Aid website. This is a confidential ID that will be used each time someone fills out the FAFSA, which needs to be resubmitted annually.
Here are some key points:
• Some students may only need to answer 18 questions total
• The application takes around an hour to complete
• The federal deadline for the 2024-2025 school year is June 30, 2025
How much will I receive?
For those interested in getting a sense of what aid they are eligible for, the Department of Education provides a Federal Student Aid Estimator. Students and parents can use the tool as long as they have access to the necessary financial information. Visitors can get an estimate in roughly 10 minutes.