Federal Student Aid : FAFSA Simplification
The FAFSA Simplification Act impacts the 2024-25 FAFSA form, federal need analysis, and requires modification of policies and procedures for schools that participate in federal student aid programs. The FAFSA will be streamlined with fewer questions and new terminology will be added. A Student Aid Index (SAI) replaces the Expected Family Contribution (EFC) and expands Pell Grant eligibility and a reduction in verification. Tax information will populate the FAFSA with a Direct Data Exchange (FA-DDX) of federal tax information (FTI) and replaces the Data Retrieval Tool (DRT). The FSA ID will still be used to electronically sign a completed FAFSA. The 2024-25 FAFSA will be available in December 2023 (for this year only).
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