Final 2024–25 FAFSA Form, FAFSA Form for Incarcerated Students, and FAFSA Submission Summary (2024)

FAQs

What is the FAFSA submission summary for 2024 25? ›

The 2024–25 FAFSA Submission Summary summarizes the information reported on the Free Application for Federal Student Aid (FAFSA^®) form. Students will be able to view the FAFSA Submission Summary after their FAFSA form is submitted and processed.

The FAFSA Submission Summary consists of four main parts organized into tabs on the page: Eligibility Overview, FAFSA Form Answers, School Information, and Next Steps.

The FAFSA designated for confined or incarcerated individuals is identical to the online FAFSA and the “paper” FAFSA except the FAFSA designated for incarcerated students states as such and provides a separate mailing address to send the application for processing.

This is question 41i on the Free Application for Federal Student Aid (FAFSA^®) PDF. Enter the total amount of cash support you (and if married, your spouse) received in 2021 from a friend or relative (other than your parents, if you're a dependent student).

The maximum Pell Grant award for the 2024-25 academic year is $7,395. Some students can qualify for more than $7,395 in Pell Grants each year through Year-Round Pell.

The FAFSA Submission Summary is a paper or electronic document from the U.S. Department of Education's office of Federal Student Aid that lists answers to the questions on the student's FAFSA form and gives basic estimates about the student's eligibility for federal student aid. It is not a financial aid offer.

Once your FAFSA form or correction has been processed, you can get a copy of your SAR by logging in to fafsa.gov using your FSA ID and selecting the “View SAR” option near the middle of the “My FAFSA” page.

Scroll up to the top of the page, and click on “Print FAFSA Submission Summary”. 5. A new window opens. For the Destination, choose “Save as PDF”.

Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

Passed in December of 2020, the FAFSA Simplification Act (FSA) amendments to the Higher Education Act of 1965 (HEA) eliminate the prohibition against eligible incarcerated students receiving Pell Grants, as long as they are enrolled in an approved Prison Education Program.

Does FAFSA ask if you are a felon? ›

FAFSA does not run a background check as part of the application process. But you do need to truthfully answer questions about your criminal history.

Parent Assets: These questions are about the student's parent(s). FAFSA Question #88. As of the day you first submitted the 2021-2022 FAFSA, what is your parents' total current balance of cash, savings, and checking accounts?

These are questions 83 and 84 on the Free Application for Federal Student Aid (FAFSA^®) PDF. Find the scenario that best fits your parent's tax filing status. If your parent didn't file taxes, include the information from their 2021 W-2 forms – box numbers 1 + 8.

List the number of people living in your household/home, including yourself, your spouse, and any other people (including children) who get at least 50% of their financial support from you. Don't include your parents in this number, even if they're in college or a degree-seeking program.

A Student Aid Report (SAR) is an electronic or paper document that summarizes the information you reported on your FAFSA^® form. It includes your Expected Family Contribution (EFC), your estimated eligibility for federal student loans and Federal Pell Grants, and whether you've been selected for verification.

Beginning with the 2024-25 FAFSA form, the Expected Family Contribution (EFC) will be replaced with a Student Aid Index (SAI). The formula for calculating the Student Aid Index (SAI) is: Estimated Cost of Attendance (COA) – Student Aid Index (SAI) = financial need.

You (the student) will get your SAR within three days to three weeks after you submit your FAFSA form. Look over your SAR carefully, make sure you didn't make a mistake on your FAFSA form, and make corrections to your FAFSA data if necessary.