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FAFSA® 2024-2025 Changes You NEED To Know

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With the 2024-2025 FAFSA, there has been many changes you should know about. Elaine Rubin helps break down those new changes you should keep an eye on!
⏱️TIMESTAMPS⏱️
0:00 Intro
0:35 The FAFSA Simplification Act
1:09 Skip Logic
1:50 What You Should Do Once The FAFSA Is Released
2:27 2 Questions That Are Now Removed
2:48 Including Assets
4:35 Being A FAFSA Contributor
5:21 Dependent vs Independent Student
6:06 Determining Your FAFSA Parent
7:23 Discounts No Longer Apply
8:39 No More Expected Family Contribution
9:23 Student Aid Index
10:49 Qualifying For A PELL Grant
12:05 How To Be Prepared & Stay Updated
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Опубликовано:

15 авг 2024

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Комментарии : 13

@angelalarson3660 7 месяцев назад

Thank you for these details!!

@Edvisors 7 месяцев назад

You are so welcome!

@massterrbarber 9 месяцев назад

Thanks 🙏

@overrunwithboys216 8 месяцев назад

QUESTION : One of the NEW parts is being a "CONTRIBUTOR" - I heard if so, then each "contributor" is required to have a FAFSA ID , which requires them to apply for this BEFORE filling out the FAFSA so you have it at hand.. In previous yrs, myself , the MOM was the only one who needed the FAFSA Id (never my husband, we are married, we file Jointly on our Tax returns). WIll my husband NOW need a FAFSA Id also , or if Married, still only (1) parent , as our Taxes are filed Jointly every year?

@Edvisors 7 месяцев назад

Yes, FAFSA Contributor is new this year. If you filed a joint return with your husband, you will not need him to create an FSA ID to help submit your application. Remember, the 2024-2025 FAFSA is being released as a soft launch, and there have been some reported issues with the process. Hopefully it's a smooth process for you!

@alainaknight4098 8 месяцев назад

Where is the application

@Edvisors 8 месяцев назад

The only information that has been given is that the 2024-2025 FAFSA will be released BY December 31st, 2023.

@Gregwing 8 месяцев назад

So there is an option to automatically transfer your federal tax information to make the form easier however, there are still areas where you need to manually enter it. Again the Federal Government making more work for nothing.

@antonstockl5776 8 месяцев назад

that isn't an option that is a requirement if you want to apply for your kiddo to get anything going forward. choice has been taken out of this just like all your other freedoms by the current folks running us all into a ditch at full speed.

@Edvisors 7 месяцев назад

The 2024-2025 FAFSA will require you to provide consent to transfer your tax information from the IRS. Because of that, you won't have the option to manually enter and bypass the transfer. There are still a few questions regarding untaxed income, and assets (if applicable).