Missouri S&T is here to help you prepare for them.
Federal updates have delayed the 2024-25 Free Application for Federal Student Aid (FAFSA) release to December 2023, and results until March 2024. For an early aid package estimate from S&T, share your Federal Student Aid (FSA) Estimator results with us.
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.
The number of your family members in college won't affect your financial aid amount anymore.
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.
Your aid will be calculated differently, potentially changing the aid amount you can receive.
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).
Do I need to share my estimated aid results with S&T?
If you would like to have an accurate estimated financial aid package before March 2024, you can share your results from the Federal Student Aid Estimator with S&T.
What type of info do I need to share with S&T?
You just need your results from the Federal Student Aid Estimator:
Do I still need to submit my FAFSA?
Yes, you will still need to submit your FAFSA once the 2024-25 FAFSA is available in December.
When do I need to submit the FAFSA?
You should submit your FAFSA between December 31 and February 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 March of 2024 after the FAFSA results have been made available to us by the Department of Education, assuming no 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 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.
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.