Recent Updates to The FAFSA Form

What do the FAFSA changes mean for you?

1. The FAFSA experience is easier.

The changes from the FAFSA Simplification Act streamline the FAFSA experience by reducing the number of questions and eliminating some of the intricate financial details. There was a significant reduction in the number of questions on the form, from 108 to 46. This reduction means less time spent navigating a web of complex queries, resulting in a more user-friendly and accessible application experience. The streamlined process makes completing the forms easier for both first-time applicants and returning students, ensuring that financial aid remains within reach for those who need it most.

2. You may find out your aid package late.

While the goal of the FAFSA Simplification Act is to simplify the application process, it's important to note that these changes may lead to delayed completion times. Additionally, the FAFSA typically opens in the fall. With a new opening date of December 1, it could be a few months longer than normal before you learn your aid package. The sooner you can complete the form, the better.

3. You could get more aid.

In addition to a more straightforward process, the formulas used to calculate the amount of aid could result in more aid being awarded. By focusing on income rather than complex asset details, the Act aims to ensure that financial aid is more accurately distributed to those who need it most.

The expansion of auto-zero Student Aid Index (SAI) eligibility also means that more low-income families could qualify for maximum Pell Grants and other need-based aid, potentially alleviating the financial burden of higher education for many.

There are many aspects to the launch of the new FAFSA. Take a look at this video created by Federal Student Aid to learn more!

Video overview from Federal Student Aid:

What can you do while waiting for the FAFSA to open?

1. Find out who your contributors are.

Each contributor requires a separate account. For many students this will include your parents. If your parents did not file taxes jointly, then both of your parents are contributors. If your parents file taxes jointly, only one parent is required as a contributor and will report information for both parents.

Listing someone as contributor on the FAFSA form doesn't mean they are financially responsible for your education costs. This change accurately reflects each contributor's financial status, offering a clearer picture of your family's overall financial need.

Contributer overview from Federal Student Aid:

2. Set up separate accounts for yourself and your contributors. 

Create an account here. Contributors will need a StudentAid.gov account before accessing and completing their section of the online form. Contributors will access their StudentAid.gov account by using their FSA ID (account username and password)

Create account

Account overview from Federal Student Aid:

3. Stay connected.

The FAFSA process is evolving, and staying informed is crucial. The FAFSA Simplification Act emphasizes transparency and accessibility. Following FAFSA on social media will give you real-time updates, ensuring you're well informed about any changes or announcements. 

Stay connected, stay informed and be prepared for a smoother financial aid application experience. If you are applying to Gordon College, remember to list Gordon College's code––002153––on your school list, and we'll automatically receive your FAFSA results electronically.