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FAFSA Simplification

Students are experiencing a new financial aid application process this year as part of the FAFSA Simplification Act. We are learning more information daily and will do our best to bring you updates as we have them. You can read more about the changes on the Federal Student Aid website and learn how to complete the FAFSA on the state of Tennessee’s website. 

FAFSA Simplification

Topics:

FAFSA Simplification: The New FAFSA for 2024-2025


2024-25 FAFSA FAQs


What are the benefits?

 

What is changing?

  • The 2024-2025 FAFSA opened at the end of December 2023.
  • The 2025-2026 FAFSA is scheduled to open by December 1, 2024.
  • There is no longer an Expected Family Contribution (EFC). The new formula will be:

    • Cost of Attendance (COA) - Student Aid Index (SAI) = Financial Need.

  • You can use the Federal Student Aid Estimator to get an estimate of your Student Aid Index (SAI).

  • Contributor - any individual required to provide consent and approval for Federal Tax Information (FTI) along with their signature on the FAFSA form. All contributors will be required to give consent for their tax information to be included on the FAFSA.

  • Direct Data Exchange (DDX) - formerly the IRS Data Retrieval Tool, this is the system used to transfer an individual's tax information to determine federal aid eligibility.

  • Student Aid Index (SAI) - formerly Expected Family Contribution (EFC), this is a calculation based on the FAFSA that allows us to determine how much need-based financial aid you are eligible for.

  • FAFSA Submission Summary (FSS) - formerly Student Aid Report (SAR), this is the output document providing a summary of data input on the FAFSA form received after completing the FAFSA application.

 

How does this impact me?

  • Have your tax documents ready when you log in to complete the FAFSA.

    • 2024-2025: Use 2022 taxes.
    • 2025-2026: Use 2023 taxes.
  • Every contributor will need an FSA ID in order to complete their part of the FAFSA.

    • Contributors can complete only their part of the FAFSA (student or parent). The second contributor will receive an email to login and complete their part once the first contributor is finished and invites them.

Yes, you can input your information into the Federal Student Aid Estimator to estimate your financial aid. 

The Department of Education is processing 2024-2025 FAFSAs and sending them to schools. The timeline for 2025-2026 FAFSA processing has not been announced. After you submit the FAFSA you can check the status by logging in to studentaid.gov. Once we have received it, you will receive an email in your APSU email account with your next steps.

Our goal is to get aid information to students as quickly as possible.  If you have completed a FAFSA but have not received a notice from the Office of Student Financial Aid & Scholarships in your APSU email account, contact us at 931-221-7907 or sfao@apsu.edu. We appreciate your patience as we navigate the new FAFSA.

Our goal is to get aid information to returning students as quickly as possible. If you have completed a FAFSA but have not received a notice from the Office of Student Financial Aid & Scholarships in your APSU email account, contact us at 931-221-7907 or sfao@apsu.edu. We appreciate your patience as we navigate the new FAFSA.

The 2025-2026 scholarship application is open until February 1, 2025.


Who is my parent on the FAFSA?

How will you know which parent to use when filling out the FAFSA? Good news – you can use the questions below to figure out the answer!  On the FAFSA, your “parent” is your legal (biological or adoptive) parent. 

Are your parents married to each other?