Everything You Need to Know for the FAFSA 2024 Deadline (2024)

FAQs

What is the deadline for FAFSA for fall 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.

You and your contributors may need to answer FAFSA questions about untaxed income, such as child support and interest income. Remember: On the 2024–25 FAFSA form, you'll use 2022 tax or calendar year information to answer these questions.

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.

Once the June 30th deadline passes, the U.S. Department of Education will remove the FAFSA form from the studentaid.gov website. However, other options are available, such as institutional aid, private loans¹, scholarships, work-study programs, or payment plans that can help cover education costs.

Over 17.6 million FAFSA forms are completed each year, according to the Department of Education. However, some of the available money is handed out on a first come, first serve basis. So, it's a good idea to file your application sooner than later to help pay for your education.

Students selected for verification of their FAFSA form may wonder, “Does FAFSA check your bank accounts?” FAFSA does not directly view the student's or parent's bank accounts.

There is no set income limit for eligibility to qualify for financial aid through. You'll need to fill out the FAFSA every year to see what you qualify for at your college. It's important to make sure you fill out the FAFSA as quickly as possible once it opens for the following school year.

Is FAFSA first come first serve in 2024? ›

The redesigned and streamlined FAFSA form opens Dec. 31, 2023. When students file the FAFSA, they may become eligible for scholarships or grants (based on need and merit), work-study programs, or low-interest loans. Some of the most beneficial financial aid funds are first-come, first-served.

Your response to the marital status question, as well as your tax filing status in the next section, will determine whether additional contributors are needed. If you're married, divorced, separated, or remarried, your child's other parent and/or your current spouse may need to participate on your child's FAFSA form.

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.

What income is too high for FAFSA? There is no income that is too high to file a FAFSA. No matter how much you make, you can always submit a FAFSA. Eligibility for need-based financial aid increases as the cost of attendance increases, so even a wealthy student might qualify for financial aid at a higher-cost college.

Undergraduate students who have not completed a Bachelor's or professional degree and who meet other Pell Grant Program criteria are eligible to receive an award between $740 to $7,395 in the 2024-2025 academic year (July 1, 2024 - June 30, 2025).

Submit the FAFSA as soon as you can

To qualify for federal, state or institutional aid, you'll need to submit the Free Application for Federal Student Aid (FAFSA). It opens on Oct. 1 every year and stays open until June 30.

When can I update my FAFSA application? The redesigned FAFSA for the 2024-25 academic year is available at FAFSA.gov. After major delays, the FAFSA corrections process opened on April 16 to students and families who submitted incorrect or incomplete forms. You can still submit the 2023-24 FAFSA until June 30, 2024.

No, only one parent is required to file a FAFSA®. But make sure you're up-to-date on the latest FAFSA® rules. As of this year, the FAFSA® is changing the definition of custodial parent.