Why is FAFSA taking so long to process 2024?

Most recent update to the new FAFSA was a “factor” in delays The Education Department stated last week that it needed to update its aid formula to reflect current inflation rates to increase aid for students.

Why is 2024 FAFSA delayed?

The delay is the latest hiccup in the rollout of the new FAFSA form, which was overhauled last year by congressional mandate in order to “simplify” the process and expand Pell eligibility—and which has been plagued by delays and uncertainty since the launch date was pushed to the end of last year.

Why is it taking so long for my FAFSA to be processed?

The delays are a result of overhauls made to the aid application system that were mandated by laws passed by Congress in 2019 and 2020. The overhauls were intended to make the FAFSA simpler, easier to use, and to make more lower-income students eligible for more aid.

How long does FAFSA take to process 2024 2025?

After You File the 2024-2025 FAFSA

Your FAFSA will be processed by the Federal Processing Center, typically within three days. You will not be able to make updates or corrections to your FAFSA during this time. Once processed, your FAFSA information will be sent to all of the schools listed on your FAFSA.

Why is FAFSA always so slow?

The new FAFSA platform is more likely to experience slow load times and outages when visitor volumes are high. Try accessing the site late at night or early in the morning when it's not as busy. Contact the FSA Office. If you're still having trouble, ask the Federal Student Aid (FSA) Office for help.

What Happens After Submitting Your FAFSA® Form?

Is the 2024 25 FAFSA delayed?

The 2024–25 FAFSA^® form will launch in December 2023.

That's right—the FAFSA form will launch by Dec. 31, 2023. The federal deadline to submit the 2024–25 FAFSA form will be June 30, 2025.

How long should I wait for FAFSA?

If you submitted your 2023–24 FAFSA form online, we'll process your form within three to five days. If you submitted a paper FAFSA form, your form will be processed within 7 to 10 days.

Has anyone filled out FAFSA 2024?

The U.S. Department of Education (Department) today announced that it has received over one million applications from students using the redesigned 2024–25 Free Application for Federal Student Aid (FAFSA®) form and that the form is now available for students and families to access 24 hours a day, seven days a week.

Why does my FAFSA still say in review?

Your FAFSA will appear as “In review” (meaning it has not been processed) in your studentaid.gov account and no corrections can be made until it is processed. You will receive an email once it is fully processed, letting you know that your FAFSA information has been sent to MIT.

What is the income limit for FAFSA 2024?

What Are the FAFSA Income Limits for 2024? Both students and their parents often think their household income makes them ineligible for financial aid. However, there's no income limit for the FAFSA, and the U.S. Department of Education does not have an income cap for federal financial aid.

How do I know if my FAFSA is approved?

At any time, students can check the status of their 2024–25 FAFSA form from the “My Activity” page after logging in to StudentAid.gov.

Why hasn't my financial aid been processed?

There are a number of reasons why a student's financial aid may not have been disbursed to their account. They include but are not limited to the following: The student failed to submit all requested documents. The student is not actively enrolled in at least one course (Federal Pell Grant disbursements).

What's going on with FAFSA?

The FAFSA typically opens on Oct. 1, well before early college application deadlines. But because of significant changes made to the form, that date was pushed to December for the 2024-2025 application. Since the rollout of the form, students, families and institutions have continued to experience FAFSA delays.

How long will my FAFSA be in review?

7–10 days depending on type of changes, updated SAR may be immediately available on the FAFSA site. If you don't see your SAR immediately, wait for your email or paper version.

What is the priority deadline for FAFSA 2023 2024?

Key FAFSA deadlines

That means, if you plan on starting college in the fall of 2024, your FAFSA form will be available on October 1, 2023 and will be due on June 30, 2024 by 11:59 p.m. CT.

Why is my FAFSA 2024 still in review?

There's a new status for students who have successfully submitted their 2024-25 FAFSA. The “In Review” status indicates that the FAFSA will be processed later in January. The U.S. Department of Education has said submitted FAFSAs won't be processed immediately.

How will I know if my FAFSA is denied?

Once the FAFSA is processed, a link to the electronic SAR is sent to the student if he or she supplied a valid email address on the FAFSA. The SAR instructs the student to make any necessary corrections to a rejected FAFSA.

Is FAFSA first come first serve 2024?

Registration is available on a first-come, first-serve basis and remains open until filled. Information needed in order to complete the 2024-2025 application during the FAFSA and CADAA Completion Workshops: 2022 Student/Parent Tax Information.

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 you complete the FAFSA, you'll need to provide personal and tax information.

What taxes do you need for FAFSA 2024?

Even though your tax information will be transferred directly into the FAFSA form, you may still need your tax records to answer certain questions. Make sure you report 2022 income on the 2024–25 FAFSA form. Do not use your 2023 tax information.

Am I screwed if I miss the FAFSA deadline?

Some states and colleges continue to award aid to FAFSA latecomers, but your chances get much slimmer, and the payout is often lower. If you miss the end-of-June federal deadline, you're no longer eligible to submit that year's FAFSA form. Did we mention you shouldn't miss the deadlines?

Does FAFSA take a long time?

Filling out the FAFSA takes a lot less time than most people fear. It takes about 10 minutes to create an FSA ID. It takes less than an hour to complete a new FAFSA and about half an hour for a renewal FAFSA.

Does FAFSA 2024 require both parents?

Dependent students whose parents filed their U.S. income tax return as Married Filing Jointly only require one parent contributor to complete the FAFSA. If the student's parents filed separately, both parents will be considered contributors and therefore need separate FSA IDs, and both must provide consent.

Do both parents have to fill out FAFSA 2024?

Beginning with the 2024-25 FAFSA, each contributor will complete their own section of the form.

How much is the Pell Grant for 2024 25?

Although $7,395 is the maximum Pell Grant Scheduled Award for the 2024-2025 award year, institutions are reminded that a student may be eligible to receive Pell Grant funds for up to 150 percent of the student's Pell Grant Scheduled Award for an award year.