2024-25 FAFSA Updates
Changes to the FAFSA Process—What you need to know.
Beginning with the 2024–2025 academic year, there will be changes to the Free Application for Federal Student Aid (FAFSA). This is based on the passing of new federal law passed by Congress called the FAFSA Simplification Act. The goal of these changes is to expand access to federal student aid and provide a new FAFSA experience for students and families.
The 2024–25 FAFSA will go live by December 31, 2023. We understand that there may be delays in processing by the Department of Education and will work with students and families as needed once more information is provided. The 2025–26 FAFSA will likely return to the traditional release date of October 1.
The Office of Student Financial Aid is here to assist families in completing the FAFSA in person or via virtual appointment.
Contact the Office of Student Financial Aid:
860.768.4296 or firstname.lastname@example.org
Benefits for Students and Families
Updated Need Analysis Formula
You may be familiar with the Expected Family Contribution (EFC) as a result of the FAFSA form. The EFC will be replaced with the Student Aid Index (SAI). We will use this to evaluate resources available to help cover educational expenses and to award need-based financial aid.
Expanded Access to Federal Student Aid
The FASFA Simplification Act will grant Federal Pell Grants to more students. The University of Hartford will evaluate how institutional need-based grant funding is awarded as well.
Streamlined FAFSA Form
The “new” FAFSA will mandate that families use federal tax information directly from the federal IRS to complete the required financial information portions of the form. This will help ensure accuracy in SAI and Federal Pell grant awards. All students and contributors must provide consent and approval to have their federal tax information transferred directly into the FAFSA form via direct data exchange with the IRS.
Key Changes to the FAFSA
Removal of the number of family members in college from the eligibility calculation which may result in reduced need-based eligibility for current students with siblings in college.
With the change to use the Student Aid Index (SAI) to need-based financial aid, there is a possibility for an SAI to be a negative number, with a minimum SAI of -1,500 instead of zero. The lower the SAI the more need the family demonstrates.
The number of questions on the FAFSA has decreased overall.
Who will need to contribute information on the FAFSA form will be determined when the student completes their portion. If your information is required to complete the FAFSA you will receive an email notification to complete your portion.
The FAFSA will not be complete until all contributors complete their portion of the FAFSA form.
Contributors may be the student, the student's spouse, biological or adoptive parent, and the spouse of the remarried parent list on the FAFSA- the step parent.
For divorced or separated parents, income and assets are reported for the parent who provides the most financial support over the 12 months prior to filing the FAFSA even if the student does not live with that parent or lives with the other parent. The parent of record is self-reported on the FAFSA by the student/parent.
Everyone contributing to the FAFSA form online must have their own StudentAid.gov account. Each contributor, including the student, will access their account with their own FSA ID (account username and password). If you have completed the FAFSA before but are unsure of your FSA ID, you may retrieve from the log in screen by clicking forgot username or forgot password.
Financial Aid 101
We enjoyed the opportunity to connect with many students at our virtual event, Financial Aid 101. As a resource, we recorded the presentation and have linked it below for you to refer to as you continue to navigate the financial aid process.