Which FAFSA do I fill out if I graduate in 2023?

If you're applying for financial aid for the 2023–24 school year (typically July 1, 2023, through June 30, 2024), you should file a 2023–24 Free Application for Federal Student Aid (FAFSA^®) form.

Which FAFSA form do I fill out if I graduate in 2023?

The Free Application for Federal Student Aid (FAFSA^®) form you fill out should correspond with the school year you're seeking aid for. For example, if you're applying for financial aid for the 2023‒24 school year, submit the 2023‒24 FAFSA form.

Do I start a new FAFSA for graduate?

Do you need to make a new FAFSA account for graduate school? No, you do not need to make a new FAFSA account for graduate school. If you created an FSA ID as an undergraduate, you can use the same ID to apply for financial aid for graduate school.

What year is the 2023 FAFSA based on?

The FAFSA form asks for income and taxes paid according to lines on the IRS tax forms for 2020, the “base year” for 2022–2023. Data from the completed tax year is used as a predictor of the family's financial situation for the current year.

Is the FAFSA form different for graduate students?

The main difference is that when graduate students fill out the FAFSA, they are considered self-supporting. Meaning, you're awarded assistance based on your income, your spouse's income, (If you're married) and quite possibly, your assets.

how to fill out the FAFSA and maximize aid (step-by-step guide)

What is the difference between graduate and undergraduate FAFSA?

The FAFSA is used to offer financial aid for graduate school as well as for undergraduate school. The interest rates on loans for graduate students are higher than those for undergraduate students. Graduate students can take out unsubsidized loans and Direct PLUS loans, but not subsidized loans.

What federal aid is available for graduate students?

Filing the FAFSA typically qualifies you for direct unsubsidized federal student loans. As a graduate student, you can borrow up to $20,500 each year. These loans will accrue interest while you are in school, but typically come with lower interest rates than their private loan counterparts.

Which FAFSA form do I fill out if I graduate in 2024?

2024–25 FAFSA^® Form.

How do I know which FAFSA to fill out?

The school year you select should correspond to the Free Application for Federal Student Aid (FAFSA^®) form you will complete. For example, if you're applying for federal student aid for the 2024–25 school year, use the 2024–25 FAFSA^® form. submit the 2024–25 FAFSA form. submit the 2023–24 FAFSA form.

What period does the 2023-2024 FAFSA cover?

To be considered for federal student aid for the 2023–24 award year, you can complete a Free Application for Federal Student Aid (FAFSA^®) form between Oct. 1, 2022, and 11:59 p.m. Central time (CT) on June 30, 2024.

Does Pell Grant cover graduate school?

Although Pell Grants are not available to graduate students, the FAFSA is used to apply for many other types of aid, such as federal work-study, scholarships through the university, and federal graduate student loans.

How do I change my FAFSA from undergraduate to graduate?

Do I renew my FAFSA or start a new one for graduate school?

You must submit a FAFSA form every school year you want to apply for federal student aid. The FAFSA renewal is a way for you to save time and reapply without filling out the whole application each year. Our system transfers much of your information into a FAFSA renewal.

What do you need for 2023 2024 FAFSA?

Your A-Number (if you're not a U.S. citizen) Federal income tax returns, records of child support received; and your current balance of cash, savings, and checking accounts (Note: You must provide consent and approval to disclose your federal tax information to be eligible for federal student aid.)

Is FAFSA first come first serve?

Each October, the FAFSA is available for the next school year. It is best to fill it out as early as you can because some aid is first come, first served.

When should I fill out FAFSA for fall 2023 24?

To be considered for federal student aid for the 2023–24 award year, you can complete a FAFSA form between Oct. 1, 2022, and 11:59 p.m. Central time (CT) on June 30, 2024. Any FAFSA form corrections or updates must be submitted by 11:59 p.m. CT on Sept.

Do I need to fill out FAFSA if I am a senior in college?

You must submit the FAFSA every year you're in college if you want to receive aid.

Why is 2024 FAFSA delayed?

The delay is a result of the FAFSA form undergoing substantial changes to create a smoother application process for students and make financial aid available to more students.

What is Pell Grant in FAFSA?

The Pell Grant is the largest federal grant program offered to undergraduates and is designed to assist students from low-income households. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances.

Are graduate students eligible for federal loans?

If you are a graduate or professional student, you can borrow up to $20,500 each year in Direct Unsubsidized Loans. Direct PLUS Loans can also be used for the remainder of your college costs, as determined by your school, not covered by other financial aid.

Are federal grants given for graduate school?

Types of graduate school grants. Grants are most often offered by the federal government, state government, an individual school, or a private organization.

What is the maximum FAFSA for graduate students?

$57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students-No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

How much money does FAFSA give for graduate school?

Do grad students qualify for more financial aid? In general, graduate students don't receive as much in grants and scholarships as undergraduate students. Grad students can apply for Federal Unsubsidized Direct Loans (up to $20,500) annually until they reach the lifetime aggregate limit.

Am I an undergraduate if I graduated?

You select Undergraduate if you're pursuing an associate's or bachelor's degree. You select Graduate or Professional Student if you are in a master's or doctorate program such as an M.A., MBA, M.D., J.D., Ph. D., Ed. D., or graduate certificate.