You Need To Know About FAFSA


When Does FAFSA Open for 2023-24?

The FAFSA 2023-24 application open date is October 1, 2022.

When Does FAFSA Close for 2023-24?

The federal FAFSA 2023-24 deadline is not until June 30, 2024.

State Deadlines

College Deadlines

June 30, 2024, is the federal deadline for receiving the 2023-24 FAFSA, but some states adopt different application dates.

Each college can set individual deadlines for receiving the processed FAFSA.

Need-Based Aid

Students that qualify for need-based aid might receive the following: Federal Pell Grant Federal Supplemental Educational Opportunity Grants (FSEOG) Federal work-study Subsidized loans

Non-Need-Based Aid

It subtracts all financial aid, including scholarships and grants, from the cost of attendance to determine how much non-need-based financial aid the student qualifies for each year.

What Is the Student Aid Index?

Of note, the EFC could be as low as $0, but the SAI can be even lower down to -$1500.