2024-25 FAFSA Form Available Now!
The 2024–25 Free Application for Federal Student Aid (FAFSA®) is now available as part of a “soft launch” of a new and streamlined application. Students and parents are encouraged to complete the application as soon as possible to be eligible for New York State and federal financial aid for college study between July 1, 2024 and June 30, 2025.
MAJOR CHANGES IMPLEMENTED
Please note several significant changes to the FAFSA application and awarding process were implemented as part of the FAFSA Simplification Act. They include:
Authentication Requirements
All contributors to the FAFSA must be authenticated using a Federal Student Aid ID (FSA ID), and new users must create a FSA ID as soon as possible.
Parent Invitations to Complete FAFSA
Students will complete their section of the FAFSA first, then indicate which parent(s) should be invited via email to complete their parts of the FAFSA.
- One parent (if single parent or if parents are married and filed joint 2022 tax returns)
- Two parents (if parents are married and filed separately in 2022)
- For other parent situations not listed above, refer to the FAFSA for instructions.
Contributors Must Provide Consent and Sign FAFSA
All students and parent(s) contributing to the FAFSA must provide consent on the 2024-25 FAFSA to have their 2022 tax information released from the IRS to the Department of Education.
- Contributors must use their FSA ID to access the FAFSA form, answer questions, provide consent, and sign the form electronically.
- The FAFSA will not be submitted for processing until ALL contributors provide consent and sign.
- Consent to releasing tax information cannot be revoked and is mandatory for the Student Aid Index (SAI) calculation to be completed and for the student to be eligible for federal aid. (Note: Students or parents who are non-tax filers must still provide consent and enter income data manually.)
Other changes include, the Expected Family Contribution (EFC) is replaced with the Student Aid Index (SAI) and updated access and eligibility requirements of Federal Pell Grants.
The FAFSA completion rate among New York State high school seniors is just above 50% for the past several years, however many more could benefit for student aid programs. Please encourage all new and prospective students to complete the FAFSA now to determine their eligible financial aid.
For more information or to complete the 2024-25 FAFSA, visit https://studentaid.gov/. For estimating federal financial aid, visit https://studentaid.gov/aid-estimator/. For more information, please contact Hudson Valley Community College’s Financial Aid Office.
Published: by k.kelley