Current:Home > StocksAfter soft launch challenges, FAFSA 2024-25 form is now available 24/7, Dept of Ed says -StockSource
After soft launch challenges, FAFSA 2024-25 form is now available 24/7, Dept of Ed says
View
Date:2025-04-14 12:45:43
The new and simplified Free Application for Federal Student Aid (FAFSA) is now available 24/7 to everyone, officially ending the “soft launch” period that saw the form go offline for hours at a time, the Department of Education said.
The Department of Education met its legal obligation to release the new form by the end of 2023, about three months later than its usual Oct. 1 date, with a soft launch of the application. On Dec. 30 and Dec. 31, the application was only available for 30 minutes each day, frustrating students eager to complete the application as soon as possible to meet school deadlines, some as early as January 15. Each day, the form’s open hours got longer but the application remained inaccessible to many people.
Now, the Department of Education says the form is finally ready to be "continuously available except for routine maintenance, typical of any FAFSA cycle,” which should ease people’s fears of missing out on money for school.
“We recognize how important it is for students and families to get the information they need on StudentAid.gov to plan for the upcoming school year,” said Federal Student Aid Chief Richard Cordray in a statement.
How many people complete FAFSA?
About 18 million FAFSAs were submitted during the 2020-21 application cycle, according to Federal Student Aid data.
Learn more: Best personal loans
Even more applications are expected for the 2024-25 school year because FAFSA was simplified to encourage more people to apply for financial aid. The form was shortened to just 36 questions from 108, including detailed financial information, and it will be easier to import income data from IRS tax records.
“While the form is expected to take around an hour on average for applicants, some applicants could answer as few as 18 questions in less than 10 minutes,” the Department said.
Along with the pared-down form, the Department of Education changed its formulas so, among other things, more students would be awarded Pell Grants, which don't have to be repaid. It also will no longer include a sibling discount so families with more than one child in college may get less aid.
The Department estimates the new calculations will help an estimated 610,000 more students get Federal Pell Grants. Recipients will receive more aid, with nearly 1.5 million additional students receiving the maximum Pell Grant award, it said.
Maximizing your chances for money:FAFSA's the main source of student aid but don't miss the CSS profile for a chance for more
How many people have completed 2024-24 FAFSA so far?
In the first 10 days of the soft launch, "over one million students and families and counting have successfully filled out the ‘Better FAFSA,’” said U.S. Secretary of Miguel Cardona in a press release.
That’s comparable to, or more, than the first 10 days of other years of FAFSA openings, including in October last year and earlier years like 2016 when the form launched on January 1, a Department spokesperson said. In 2016, the Department reached 1 million applications by January 12, she said.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
veryGood! (249)
Related
- The Daily Money: Spending more on holiday travel?
- Lolita, beloved killer whale who had been in captivity, has died, Miami Seaquarium says
- Planning a long-haul flight? Here's how to outsmart jet lag
- Danielle and Kevin Jonas Get Candid About the Most Difficult Part About Parenthood
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Nordstrom Rack Early Labor Day Deals: 70% Off Discounts You Must See
- 2023 World Cup awards: Spain's Bonmati wins Golden Ball, Japan's Miyazawa wins Golden Boot
- Tribal courts across the country are expanding holistic alternatives to the criminal justice system
- The company planning a successor to Concorde makes its first supersonic test
- 3 dead, 6 wounded in shooting at a hookah lounge in south Seattle; no word on suspects
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Washington state wildfire leaves at least one dead, 185 structures destroyed
- Ohio State wrestler Sammy Sasso recovering after being shot near campus
- Union for Philadelphia Orchestra musicians authorize strike if talks break down
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Navy shipbuilders’ union approves 3-year labor pact at Bath Iron Works
- The University of New Orleans picks 5 semifinalists in their search for a president
- How a family’s choice to donate a body for pig kidney research could help change transplants
Recommendation
Could your smelly farts help science?
Saudi Arabia says it executed U.S. national convicted of killing and torturing his father
California’s big bloom aids seed collectors as climate change and wildfires threaten desert species
One dead, 6 hurt in shooting at outdoor gathering in Philadelphia 2 days after killing on same block
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Rare flesh-eating bacteria kills 5 in Florida, 3 in New York, Connecticut
Marvin Hayes Is Spreading ‘Compost Fever’ in Baltimore’s Neighborhoods. He Thinks it Might Save the City.
Horoscopes Today, August 18, 2023