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2024-25 FAFSA Simplification

ABOUT FAFSA SIMPLIFICATION

The FAFSA Simplification Act passed by Congress in 2020 laid the foundation and set the requirements for an updated and revamped FAFSA process with the end goal being a more streamlined FAFSA submission process and increased aid eligibility for students across the country.  结果是, significant changes to the FAFSA and the need analysis formula within it are being implemented for the 2024-2025 school year.  

Due to these major changes, students and schools have seen major delays in the FAFSA availability and processing of data.  We appreciate your patience as we continue to work for our students as effectively as possible while we adjust to the processing and timeline changes put upon us this year.

Department of Education’s Published Timeline

  • By end of March 2024: ED cleared the backlog of submitted FAFSA applications.
  • 4月1 - 9: ED identified processing errors and announced that 30-40% of submitted FAFSAs would need to be reprocessed.
  • First half of 2024年4月: Students should be able to make updates and corrections to their FAFSAs.
  • April 29-May 1, 2024: ED started reprocessing the FAFSAs identified with initial processing errors. They will continue to reprocess as needed.

2024-25 FINANCIAL AID TIMELINE

  • 2023年12月31日:  The 2024-2025 FAFSA became available on www.studentaid.政府
  • 2024年3月底: Carson-Newman began receiving 2024-2025 FAFSAs from the Department of Education. ED cleared the backlog of submitted FAFSA applications.
  • 2024年4月2日: Carson-Newman began importing the FAFSAs!  
  • 2024年4月初: Carson-Newman 金融援助 Office with the IT Department began the calculation and testing period with the new FAFSA data in our system.  
  • 2024年4月11日: ED began a soft launch of the capability for students and families to begin to make corrections to their FAFSA’s. This function will initially be open a few hours at a time on www.studentaid.政府.
  • 2024年4月: The 金融援助 Office began putting together complete 金融援助 Offers and sending Notification Letters to new students anticipated to attend in fall 2024.  
  • 2024年5月: The 金融援助 Office will continue to offer financial aid to new freshmen, 转移, and graduate students who have filed valid FAFSAs for the 2024-2025 school year.
  • 2024年6月: The 金融援助 Office will begin to offer financial aid to continuing students who have filed valid FAFSAs for the 2024-2025 school year.
  • 2024年6月: 发送账单.
  • 2024年8月: Registration Confirmation (e-confirm) opens, and payment of bills is due one week before classes begin.  
  • 2024年8月26日: 秋季课程开始.

Student 援助 Index (赛)

Beginning in the 2024-2025 academic year, the Student 援助 Index (赛) will replace the Expected Family Contribution (EFC) that has been used previously to determine students’ need-based aid eligibility.  The 赛 is calculated by information provided by the student and his or her contributors on the 2024-2025 FAFSA.  

Cost of Attendance (COA) – Student 援助 Index (赛) = Student’s Need

Our 金融援助 Office will use this calculation to determine students’ need-based aid eligibility.

For more information regarding FAFSA Simplification, 赛, changes to the FAFSA form and Pell Eligibility, see the Department of Education’s 2024-25 Student 援助 Index (SA) and Pell Grant Eligibility Guide.