Apply For Financial Aid

Beginning in the academic year 2024-25, the Free Application for Federal Student Aid (FAFSA) is poised to usher in a wave of transformative adjustments, marking the most substantial alterations in FAFSA’s history. The FAFSA Simplification Act, enacted by Congress in 2020, stands as a resolute commitment to streamlining the FAFSA application experience, thereby initiating a host of groundbreaking modifications in the methodology for determining financial aid eligibility, taking effect for the 2024-25 academic year.

The availability date for the FAFSA will be available in December 2023. Updates on the availability date will be posted on this webpage.

SOME CHANGES TO THE 2024-25 FAFSA

  • Simplified FAFSA Application
  • Tax/Income Data
  • Student Aid Index (SAI)
  • Number in College not Calculated in SAI
  • Inclusion of family farms or small businesses
  • One key improvement is simplifying the FAFSA itself as the maximum number of questions will be reduced significantly. Additionally, not all students will need to answer all the questions due to the FAFSA’s dynamic nature on the web. Due to the revised way of collecting tax and income information, certain questions have been deleted and others are no longer required.

ITEMS THAT ARE NOT CHANGING ON THE 2024-25 FAFSA

  • FAFSA Requirement
  • Determining Dependency Status
  • Prior, Prior Year Tax and Income Information
  • Eligibility for Student Loans
  • File a FAFSA Each Year
  • Questions regarding Sex, Race, and Ethnicity
  • The FAFSA will continue to be a mandatory application for federal aid evaluation, retaining its pivotal role in determining eligibility for both institutional and state need-based financial assistance programs.

When Can Students File a 2024-25 FAFSA?

It is of utmost importance for both prospective and returning students and their families to place a high priority on promptly completing the 2024-25 FAFSA once it becomes accessible in December 2023.

Florida Memorial University is committed to expediting the financial aid allocation process for new students who have submitted their FAFSAs expeditiously. Detailed information on anticipated timelines and deadlines will be readily available on this webpage to ensure transparency and facilitate a smooth financial aid disbursement process.

When Can Students Expect their Offer Letters?

Awards for new students will begin once their FAFSAs are completed as soon as the systems are ready.

Returning students with completed FAFSAs can anticipate their awards to begin before the conclusion of the spring term.

Graduate students seeking Direct Unsubsidized loans, and who have submitted their FAFSAs, will begin as soon as the systems are ready.

The U.S. Department of Education is in the process of instituting modifications to the 2024-25 FAFSA application and its procedures. As these developments unfold, the information on this webpage will be continuously updated to ensure the latest details are readily available.