Big Changes Are Coming
to the FAFSA in 2024

Missouri S&T is here to help you prepare for them.
Federal updates will delay the release of your 2024-25 Free Application for Federal Student Aid (FAFSA) information until January 2024 and financial aid packages until April 2024. For an early aid package estimate from S&T, share your FAFSA results with us.

How to Get an Early Aid Package Estimate from S&T

Things You'll Need

  • Your family's 2022 tax information
  • Your family's asset information (if any)

Actions to Take

  • Access and complete the FAFSA*.
  • Get your results.
  • Proceed to step 2.

*If you experience any issues completing the FAFSA, you can also complete the Federal Student Aid Estimator and send us the results from that form.  Just make sure you finalize your FAFSA before April 1.

Things You'll Need

  • Your S&T login information (the email and password you used to apply to S&T)
  • Your results from the FAFSA:
    • Combined Family Income (Student + Parent Adjusted Gross Income from 2022 taxes)
    • Student Aid Index (SAI) from FSA Estimator
    • Estimated Pell Grant from FSA Estimator
    • Estimated Loans from FSA Estimator
    • Estimated Work Study from FSA Estimator

Actions to Take

  • Visit the S&T form to share your FAFSA results.
  • Enter your results from the FAFSA exactly how they appear, including positive and negative numbers:
    • Combined Family Income (Student + Parent Adjusted Gross Income from 2022 taxes)
    • Student Aid Index (SAI) from FAFSA
    • Estimated Pell Grant from FAFSA
    • Estimated Loans from FAFSA
    • Estimated Work Study from FAFSA
  • Submit the form.

That's it! We'll review your S&T application and FAFSA results and send you an estimated aid package.

Be sure to submit your FAFSA before April 1, if you haven't already. For information on submitting your FAFSA and sending the results to S&T, visit our FAFSA page.

If you have any questions, give us a call at 573-341-4282 or email sfa@mst.edu.
Learn more about the FAFSA and how it can benefit you by visiting our comprehensive FAFSA information page.

How the Changes May Affect You

Starting in the 2024-25 school year, the way your financial aid is calculated by the Department of Education will change. Here's what you need to know.

Family Members and Your Aid

The number of your family members in college won't affect your financial aid amount anymore.

Tax Information Matters More

Your family's tax information will play a bigger role in your aid decision. As part of the FAFSA, you'll give permission to use this information.

New Calculation Method

Your aid will be calculated differently, potentially changing the aid amount you can receive.

Tax Dependency Status Matters

The rules for calculating your aid will vary based on your tax dependency status (that is, whether you are a dependent or independent student, and whether you have dependents).

FAQs

Sharing Your FAFSA Results

Do I need to share my FAFSA results with S&T?
If you would like to have an accurate estimated financial aid package before May 2024, you can share your results from the FAFSA with S&T.

What type of info do I need to share with S&T?
You just need your results from the FAFSA (or the Federal Student Aid Estimator if you run into issues with the FAFSA)

  • Combined Family Income (Student + Parent Adjusted Gross Income from 2022 taxes)
  • Student Aid Index (SAI) from FSA Estimator
  • Estimated Pell Grant from FSA Estimator
  • Estimated Loans from FSA Estimator
  • Estimated Work Study from FSA Estimator

Key Changes in the Process

Do I still need to submit my FAFSA?
Yes, you will still need to submit your FAFSA as soon as possible.

When do I need to submit the FAFSA?
You should submit your FAFSA between December 31 and April 1 for the 2024-25 academic year.

When will the financial aid package estimates be available if I don't share my Federal Aid Estimator results?
We plan to share financial aid package estimates in May of 2024 after the FAFSA results have been made available to us by the Department of Education, assuming no additional delays.

Has the FAFSA application process become simpler?
Yes, the FAFSA application process is streamlined, but it's important to provide accurate and complete information.

What happens if I miss the new application deadline?
Missing the deadline may affect your eligibility for certain types of aid, so it's important to apply on time. Learn more about the FAFSA on our FAFSA page.

How Your Financial Aid May Be Affected

How will my family's college attendance affect my aid now?
The number of family members you have in college won't change the financial aid you receive.

Do my family's tax details matter more now?
Yes, your family’s tax information is more crucial in determining your aid eligibility. Be sure to consent to its use when submitting the FAFSA.

What if my parents don't file taxes?
You'll still need to provide some financial information, and your eligibility might be affected differently than before.

Special Considerations for Students

Does my independence or family status change the aid calculation?
Yes, being a dependent or independent student, and having dependents, changes how your aid is calculated.

What if I'm an independent student without dependents?
Your financial situation will be assessed differently compared to dependent students or independent students with dependents.

How does being a part-time student affect my aid?
Part-time enrollment can affect the amount of aid you're eligible for, so check the specifics for your situation.