Students attending college this year, Fall 2024 (aka August 2024 through December 2024) are eligible to complete the 2024-25 FAFSA which is available December 31st, 2023!
Students attending college next year, Spring 2025 (aka this January 2025 through May 2025) are also eligible to complete the 2024-25 FAFSA, until the June 30, 2025 deadline!
The Free Application for Federal Student Aid (FAFSA) provides students with loans, grants, and work-study. Work-study are jobs that are exclusive to students who receive work-study and are meant to help students earn money to pay for college. Aid given by the FAFSA is considered a grant, so you do not have to pay it back. Once you file FAFSA, your college will use the information from the FAFSA to determine your federal aid eligibility. Many colleges use FAFSA to determine how much aid they will provide their students!
Completing the 2023-24 FAFSA requires that you have access to your 2021 Income Tax Returns!
Completing the 2024-25 FAFSA requires that you have access to your 2022 Income Tax Returns!
Once you submit your FAFSA, you have to make sure it was processed!! Constantly check your email to see if you were notified of a status update, or log into FAFSA and view it yourself
The status of your application will be one of the following:
Processing: Your application is still processing. It typically takes three to five days, plus one additional business day to be made available to the schools you listed on the form
Processed Successfully: Your application was processed successfully. No further action is needed
Missing Signatures: Your application is missing the required signature(s)
Action Required: Your application requires further action. Contact your school's Financial Aid Office to get more information and to resolve the issue
Verification is when a school selects a student to verify that they put the correct information when filling out the FAFSA.
If selected, the school will usually require you to fill out a form and hand in documentation (ex: Tax Transcript from the IRS or your parent’s 1040 and/or a “non-filing transcript” for yourself).
How to know if you were selected:
Check your email
Check your college’s portal holds and to-do list (CUNYFirst if a CUNY student)
Check your SAR on FAFSA
If you don't complete verification, you will have holds and/or to-dos and you might not receive financial aid!
To learn more about whether or not you qualify for the FAFSA, please use the button below to use a calculator provided by the U.S. Department of Education that calculates how much aid you may receive when filling out an application.
Once you submit the FAFSA, you will see your Student Aid Report (SAR). SAR contains the information you reported in the FAFSA and shows the Expected Family Contribution (EFC). It also shows your estimated eligibility for federal student loans and Federal Pell Grants.
Note: this section only applies for students who are filing the FAFSA as a DEPENDENT student, and not an INDEPENDENT student.
Please read here for more information about dependency status
It is important that when submitting and applying for the FAFSA, you create a FAFSA account (FSA ID) for your parent. Doing so will allow them to electronically sign the FAFSA form, if they are an eligible U.S. citizen (this means, having access to a Social Security Number (SSN).
This way, you can successfully submit the form, on time, without any verification errors.
If your parent does not have Social Security Number (SSN), they cannot create a FSA ID and cannot electronically sign your FAFSA form. Instead, you must print and mail a signature for the form to be valid.
You can do this by selecting "Print Signature Page" on the "Signature Status" or "My FAFSA" page.
This is because some grants like TAP, and even some scholarship applications require that students file a FAFSA form in order to remain eligible and potentially receive aid from other sources!