Financial Aid Important Updates: FAFSA and CADAA (2024)

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Updates

Last updated: 4/23/2024

Both financial aid applications, the Free Application for Federal Student Aid (FAFSA) and the DREAM Act Application (CADAA), will undergo major changes in the coming year to increase the number of students who may be eligible for Federal Financial Aid and simplify the process for students and parents.

2024-2025 Application Now Available

Traditionally, the FAFSA and the CADAA are released on October 1 for students to complete and submit for the following academic year. However, due to the changes, there has been a delay in the opening date of the FAFSA and CADAA applications.

Financial Aid Application

CADAA Application

FAFSA Corrections are Now Available

If you completed your 2024-25 FAFSA but need to make corrections, the ability to make corrections is now available. You can log in with your FSA ID at www.studentaid.gov to make your corrections.

www.studentaid.gov

Priority Deadline Extension

The financial aid application priority deadline has been extended to May 2, 2024! We understand there have been changes to the FAFSA process, and sometimes, that can make the application process difficult or confusing. Regardless, we are here to help! Please look at the resources below to make the financial aid process as seamless as possible.

Financial Aid Important Updates: FAFSA and CADAA (1)

2024-2025 FAFSA Application Issues Update

Previously, we noted that if a parent contributor does not have a Social Security Number (SSN), they were unable to access the 2024-2025 FAFSA form. The Department of Education has now fixed this issue and contributors with no SSN’s can now access and submit the FAFSA.

Please ensure that when the student is inviting the contributor without an SSN to participate in their form, the SAME personally identifiable information is entered as the contributor used to obtain the FSA ID.

As a reminder, the Priority Filing Date for the FAFSA has been extended to May 2, 2024.

Email Communication

Video Tutorials & Information

Please navigate through the videos below to learn more about the application and other important resources and tutorials.

Resources

A big change for FAFSA filers is that ALL members providing information on the financial aid application i.e. student/student’s spouse or student’s parents MUST now have individual Federal Student Aid FSA ID’s.

The FSA ID is a username and password that is required to log in and access all Federal Student Aid websites, including the FAFSA. The FSA ID also serves as a legal signature when you submit your FAFSA.

You and one or both of your parents must create an FSA ID before starting the FAFSA. If you are an independent student, you will not need to have your parent create an FSA ID. If you have a sibling who attended college before you, your parent may already have an FSA ID.

For those that may not have an FSA ID as of yet, now is the time to get the FSA ID set up so that you are prepared to complete the FAFSA as soon as it comes out in December.

Once you create your FSA ID and password, be sure to SAVE the information in a safe place as you will need to use this information throughout the time you are in college.

How to Create Your FSA ID Guide

How to Get FSAID without a Social Security Number

Como Obtener Tu FSAID Sin Number de Seguro Social

All students need to create an FSA ID. When you fill out the FAFSA, it will determine if you need to include your parent's information. Generally, unmarried students under the age of 24 are considered dependent upon their parents. Use the information below to determine who needs to create an FSA ID.

Contributors

  • Student: All students must create an FSA ID
    • One Parent:
      • If you are a dependent student with two married parents who filed a joint federal tax return in 2022.
      • If you are a dependent student with separated or divorced parents. The parent who provided you with the most financial support in the last year AND parent's current spouse if they married since January 1, 2023, OR if parent was remarried prior to this date but filed taxes separately from the current spouse.
    • Both Parents:
      • If you are a dependent student with two married parents who filed separate federal tax returns in 2022.
      • If you are a dependent student with two parents who are unmarried but living together.
  • Married Student
    • Spouse: If you are a married student who filed taxes separately in 2022 from your current spouse.
    • Student Only: If you are over the age of 24, OR married, and filed joint federal tax returns in 2022.

Financial Aid Important Updates: FAFSA and CADAA (8)

The Department of Education has created this tool that families can use to estimate how much aid a student may be eligible for starting with the 2024-25 award year.

Aid Estimator

Application Assistance Sessions Available

Need help with the FAFSA or Dream Act application? We have planned several in-person and virtual Financial Aid application assistance sessions.

These sessions aim to have staff available to assist students in answering any questions about completing their financial aid applications. It would be helpful for the student to have their FSA ID available in order for the staff to help answer questions. Contributors are also welcome to participate in these sessions.

In-person Sessions

  • 4/16 – 12 - 3 p.m. at Lassen 1000A
    • Please bring your laptop.
  • 4/24 – 12 - 3 p.m. at Lassen 1000A
    • Please bring your laptop.
  • 4/30 – 12 - 3 p.m. at Lassen 1000A
    • Please bring your laptop.
  • 5/1 – 11 a.m. - 1 p.m. at Lassen 1000A
    • Please bring your laptop.

Virtual Sessions

Please note that these workshops are on a drop-in basis, so you don’t need to be there for the entire session!

Financial Aid Important Updates: FAFSA and CADAA (2024)

FAQs

Do I fill out FAFSA or CADAA? ›

A Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADAA) allows students to be considered for federal aid (FAFSA applicants only), state aid, institutional aid, and loans.

What are the 3 most common FAFSA mistakes? ›

11 Common FAFSA Errors
  1. Not Filing the FAFSA Form by the Deadline. ...
  2. Completing the Wrong Aid Year's Application. ...
  3. Not Registering for an FSA ID. ...
  4. Using an Incorrect Social Security Number. ...
  5. Leaving the Questions Blank. ...
  6. Not Listing the Schools You'll Apply To. ...
  7. Not Reading Definitions Carefully. ...
  8. Not Renewing the FAFSA Each Year.
Feb 17, 2023

What is the 88 question on the FAFSA? ›

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?

What is the 2024 update for FAFSA? ›

What's New. The 2024–25 FAFSA form expands eligibility for federal student aid, including Pell Grants, and provides a streamlined user experience. An estimated 7.3 million students from low-income backgrounds will be eligible to receive Federal Pell Grants due to updates to student aid calculations.

Who qualifies for CADAA? ›

Who can apply for the California Dream Act? Students who live in California and meet the eligibility requirements for a non-resident exemption, as well as students who have a U Visa or TPS status, can use the California Dream Act application (CADAA).

Does FAFSA automatically apply for Pell? ›

You'll be automatically considered for a Pell Grant when you submit your FAFSA.

What is considered poor for FAFSA? ›

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.

What should I not report on FAFSA? ›

Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.

What are the 3 top FAFSA tips? ›

FAFSA Tips & Common Mistakes to Avoid
  • Apply Early. Many states and colleges use the FAFSA to determine eligibility for non-federal student aid funds that may have early deadlines or limited funding. ...
  • What You Need to Complete the FAFSA. ...
  • Apply Online. ...
  • Avoid Common Errors. ...
  • Get Help.

Can you skip FAFSA questions about your parents' assets? ›

Skip Questions About Parents' Assets (2023–24)

If you decide to skip these questions, doing so won't affect your eligibility for federal student aid. Select “Yes” to skip questions about your parents' assets. Select “No” to answer questions about your parents' assets.

What is the average FAFSA check? ›

Average amounts are about $9,000, with less than half of that in the form of grants. This table shows the maximum and average amounts for various types of federal student aid for undergraduate students for 2020-2021. Average amounts have been rounded to the nearest multiple of $10.

What is parent income for FAFSA? ›

The FAFSA requires information about the income of any parent living in your household while you're applying to determine the amount of money you'll receive as student aid. What counts as income earned from work on FAFSA is any compensation your parents receive for work that's reported on their taxes.

What is the maximum Pell Grant for 2024-25? ›

Award amounts can change yearly. The maximum Federal Pell Grant award is $7,395 for the 2023–24 award year (July 1, 2023, to June 30, 2024). The maximum Federal Pell Grant award is $7,395 for the 2024–25 award year (July 1, 2024, to June 30, 2025).

What does sai mean in FAFSA? ›

Your Student Aid Index (SAI) is a formula-based index number ranging from –1500 to 999999. Where your SAI falls within the SAI range helps your school determine how much financial support you may need. A negative SAI indicates you have a higher financial need.

What is a good student aid index? ›

Your SAI can go as low as negative 1,500. Yes, that's below zero! An SAI that is zero or below guarantees that you will get the most federal aid available, including the maximum Pell Grant. (This will be $7,395 for the 2024-25 school year.)

Is Cal Grant and FAFSA the same thing? ›

The Cal Grant is a California-specific financial aid allocation that does not need to be paid back. Cal Grant applicants must apply using the FAFSA or CA Dream Act Application by the deadline and meet all eligibility, financial, and minimum GPA requirements of either program.

Should I fill out the FAFSA or Tasfa? ›

The FAFSA determines an applicant's eligibility for federal, state, and institutional aid. The TASFA helps institutions determine a student's eligibility for state and institutional aid and is only intended for applicants who are ineligible for the federal Title IV program.

Should I fill out FAFSA or FAFSA? ›

You need to complete the FAFSA form to apply for federal student aid such as federal grants, work-study funds, and loans.

Which application will you fill out FAFSA or wasfa? ›

Most people should complete a FAFSA to get the most money available. Undocumented students and limited others can apply for state aid with the WASFA.

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