Starting with the 2024–25 award year, the better FAFSA form reflects updates to student aid calculations, that extend Federal Pell Grants to more students. The FAFSA redesign goes well beyond just a new form. The changes will greatly simplify the process of submitting tax information for as many as 4 million additional students and families, many of whom are from low-income backgrounds. For the first time, applicants will be able to securely transfer their federal tax information necessary for the eligibility calculation, directly from the IRS, removing the burdensome and confusing step of connecting to the IRS Data Retrieval Tool for almost 9 million applicants using the tool each year. The new FAFSA form will significantly improve, streamline, and redesign how students and their families use the form. More information on the implementation of the new FAFSA is provided below. Students who complete the form will receive a confirmation and see their estimated student aid eligibility. The improved FAFSA form will be available for students and parents by Dec. They were enacted by bipartisan majorities in Congress through the FUTURE Act and FAFSA Simplification Act. The changes to the FAFSA form represent the most ambitious and significant redesign of the processes to apply for federal student aid and the formulas used to determine aid eligibility since the Common Financial Aid Form-the FAFSA form’s predecessor-was introduced in the Reagan era. In total, it will allow 1.5 million more students access to the maximum Pell Grant award, bringing the total number of students eligible for the maximum Pell Grant to over 5.2 million. The new FAFSA will make it easier than ever for students to get financial aid for college and help 610,000 more students from low-income backgrounds receive Pell Grants. Department of Education (Department) released new details on the redesigned and streamlined Free Application for Federal Student Aid (FAFSA ®) form.
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