From Fortune:

A new FAFSA application is available this year, but only in limited soft launch periods as the U.S. Department of Education works on a redesign. Students will need to monitor the studentaid.gov website for availability. Some glitches were reported during the soft launch, but the application will offer major improvements, including fewer questions, the ability to list more colleges, and availability in more languages. The changes will result in students receiving their financial aid offers later than usual.

The FAFSA is a free application that uses financial information from students and their families to determine federal financial aid eligibility. The soft launch for the 2024-2025 school year opened late December, but the full release date has not been announced. Both first-time and returning college students are encouraged to apply, despite their family’s income. The new FAFSA will allow applicants to send their application to up to 20 schools, and determine eligibility for other federal, state, and school aid, as well as merit-based scholarships.

Key changes for the new FAFSA include the requirement of an FSA ID for anyone providing information for the application, the replacement of the Expected Family Contribution with the Student Aid Index, the provision of fewer questions for a quicker application process, availability in more languages, and increased eligibility for Federal Pell Grants. The changes are meant to increase financial aid eligibility for low- and middle-income students.

While awaiting the availability of the FAFSA application, it’s essential to create an FSA ID for all contributors. Potential applicants are advised to regularly check their desired college’s website for relevant deadlines. Due to the delayed application process, students can expect to receive their financial aid offers later than usual, possibly at the end of January, so patience is advised.



Read more: What are the new changes to FAFSA?