How the FAFSA Simplification Act Affects You
Big changes are coming to the Free Application for Federal Student Aid (FAFSA) application for the 2024-25 aid year!
The FAFSA Simplification Act was passed by Congress in 2020 and represents a significant overhaul of the processes and systems used to award federal student aid. This includes the Free Application for Federal Student Aid (FAFSA) form, the need analysis that determines federal aid eligibility, changes in terminology, and many policies and procedures for schools that participate in federal student aid programs.
2024-2025 FAFSA is Now Available on a Limited Basis
The 2024-2025 FAFSA opened on December 31, 2023 on a limited basis. Because of significant changes to the application and the rebuild of the FAFSA processing system, the FAFSA opened in a “soft launch” phase, where the FAFSA is available for a few hours each day while its performance is monitored and then taken offline to make adjustments to correct any issues that are identified. During the soft launch, users may experience long wait times to access the FAFSA, or may not be able to access the FAFSA at all. If you have difficulty accessing the FAFSA, please wait a few days and try again. We anticipate the soft launch will last through the month of January, after which it should be fully accessible 24 hours a day. The priority deadline to submit the FAFSA to Southwestern is March 1, 2024.
What’s changing with the FAFSA?
There are a number of benefits of the FAFSA simplification act, including a more streamlined application process and a better user experience for the FAFSA, expanded eligibility for federal student aid, and reduced barriers for certain student populations (e.g. homeless and unaccompanied youth, incarcerated students, English language learners, and students from low-income backgrounds).
Some fundamental changes include, but are not limited to:
What isn’t changing?
While the FAFSA is receiving an update and the aid eligibility calculation has been revised, there are a number of aid-related matters that will not change.
- The general types of aid available to SU students and federal student loan limits will not change.
- The FAFSA will still be required for consideration of federal and state financial aid every year.
- Dependency status questions that determine if your parent(s) must complete the FAFSA will remain the same.
- The FAFSA will still request tax information from the prior-prior year which means you’ll report 2022 income and assets on your 2024-25 application. Families with significant reductions in income can consider submitting an appeal.
- SU admission application deadlines will not change.
- The questions regarding an applicant’s gender, race, and ethnicity will have no effect on federal student aid eligibility and are included for statistical purposes and data collection only. In fact, SU will not even receive this data from the FAFSA.
When should I submit the 2024-25 FAFSA?
New students who plan to begin classes at SU in the fall of 2024 should complete the FAFSA by the March 1st priority deadline.
We plan to begin sending aid offers within the timelines below to students who are admitted to SU and have completed the aid application process. However, these dates are subject to change as we receive new information from our software providers and the Department of Education.
Current Southwestern University students should complete the FAFSA by the March 1st priority deadline. More information about the application process is available on our website.
We plan to begin sending financial aid awards to current students beginning in mid-April 2024.
2024-25 Application & Aid Offer Timelines
Admission Round |
Admission App Deadline |
FAFSA Priority Deadline |
SU Sends Financial Aid Offers |
Early Decision |
November 7 |
November 20* |
Early December* |
Early Action |
December 5 |
March 1 |
Beginning February 29 |
Regular Decision |
February 6 |
March 1 |
Beginning February 29 |
* Early Decision applicants who are applying for Financial Aid will be sent an Early Decision Financial Aid Form (EDFAF) in November. The Financial Aid Office will use the information provided on the form to produce an Estimated Aid offer. Admitted Early Decision applicants will receive the estimated offer in early December. Final aid offers will be sent beginning February 29th to those who submit the FAFSA.
Disclaimer
Southwestern’s Financial Aid Office is dedicated to providing timely updates to students, families and our community. Due to the significant amount of changes that are occurring, portions of our website may not yet be 100% accurate for the 2024-25 academic year.We’ll continue to update this page as we receive more information from the Department of Education and Federal Student Aid, and appreciate your patience as we work to implement the changes brought by the FAFSA Simplification Act.