This is the second in a series of five posts about next year’s Free Application for Federal Student Aid, better known as the FAFSA.  The FAFSA is your application for financial aid at Parker University and determines whether you qualify for grants, work study, loans and some scholarships.  The FAFSA has minor changes each year, but for 2024-25, the biggest changes in several decades are being implemented.  Here is what you need to know.

Because of all the changes, the FAFSA won’t be available until a little later than in past years.  The Department of Education estimates that it will be available in mid-December.

Good news! The number of questions has been cut by more than half and the application will be available in 11 languages, rather than just the current two. Some of the income questions will use a direct data load from the IRS of your and your spouse’s or parent’s tax return information. Asset questions are more streamlined than before The application is also smarter in using skip logic, which gives applicants a simpler, easy-to-understand process.

In the past when you submitted your FAFSA, the result was a Student Aid Report (SAR).  Now, that document is called a FAFSA Submission Summary (FSS). Make sure to review this document for accuracy. If you need to make a correction, you will need to use your FSA ID to log back in. The FSS will include Comment section with information on your next steps, Pell Grant eligibility and other important information.

We understand that the financial aid process can be confusing and complex, and we are here to help.  Parker One Stop contact information.