FAFSA
The FAFSA (Free Application for Federal Student Aid) is used to determine your eligibility for federal student aid, including loans, grants, and work-study. The FAFSA may also determine your eligibility for state and school aid as well.
Here’s What You Need to Know About the 2024-25 FAFSA:
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Anyone who provides information on your FAFSA form will be considered a contributor.
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The term “contributor” refers to anyone (you, your spouse, your biological or adoptive parent, or your parent’s spouse) who’s asked to provide their information, consent and approval to have their federal tax information transferred automatically from the IRS into the FAFSA form (more on that later), and signature on your FAFSA form. To find out who is a contributor on your form, visit https://studentaid.gov/resources/is-my-parent-a-contributor-text.
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- Each contributor (student, parent, spouse) is required to provide information on the FAFSA and will need an FSA ID to access and complete their section of the application. You and each contributor should create your FSA IDs at least 3 days in advance before starting the FAFSA form.
- The FSA ID is an account username and password combination that allows students and parents to log in to studentaid.gov and identify themselves electronically to access U.S. Department of Education systems. Create yours today at www.studentaid.gov/fsa-id/create-account/launch.
- The Expected Family Contribution (or EFC) has been replaced by a Student Aid Index (SAI) which now determines a student’s need-based federal aid eligibility.
