Delayed FAFSA Application Set to Open with Major Changes

Outdated Inflation Figures May Impact Financial Aid, Despite Simplification

The new Free Application for Federal Student Aid (FAFSA) application, delayed due to major changes, is set to open by the end of December for the 2024-25 school year.
The FAFSA Simplification Act has led to key changes including a reduction in the number of questions, direct data exchange with the IRS, and changes in aid eligibility calculations.
Approximately 50,000 more Texas students are expected to be eligible for Pell Grant money, and around 132,000 Texas students will receive maximum aid.
However, the new FAFSA may launch with outdated inflation figures, potentially impacting the amount of financial aid students receive.
Despite the simplification, experts warn of potential confusion and frustration due to the significant changes and delays.