Find the most up-to-date information below regarding 2024-2025 FAFSA, financial aid status and processing updates:
- Although students can now submit their FAFSA for 2024-2025, the Federal FAFSA Processing System will not begin processing results until March 2024, unless further delayed by the U.S. Department of Education. This means that students will not be able to submit any FAFSA corrections until further notice. This also means that students will not receive a FAFSA submission summary until FAFSA results are processed by the federal system.
- Colleges and universities around the United States do not have access to any FAFSA results since they have not yet been processed nor made available to institutions. The U.S. Department of Education has estimated that they will begin sending FAFSA results to institutions in late March 2024, unless they further delay the release.
- Once institutions can began receiving FAFSA results, we still cannot begin to determine financial aid packages since that is dependent on other information and software from the U.S. Department of Education. There is currently no estimate on when we will able to start determining financial aid eligibility for 2024-2025.
- New York State residents: If you've previously submitted a NYS TAP application in previous years, you will not be able to submit a TAP application for 2024-2025 until after the federal system has processed your FAFSA and sent the information on to HESC. If you are a brand new student who has never submitted a TAP application before, you can submit a TAP application now but you will need to go back to HESC's website to finish and submit your TAP application only after your FAFSA has been processed.
Please keep in mind this is not just affecting Empire State University students; this is nationwide for all students/families and all institutions. We are all in this together and we will do all we can as quick as possible once the U.S. Department of Education begins processing and sending results for the 2024-2025 year. We ask for patience during this delay.
What is causing the delay for 2024-2025?
Big changes are happening with the 2024-2025 Free Application for Federal Student Aid (FAFSA)! The changes are part of the FAFSA simplification process to make federal aid more accessible for students and families. Here are some of the major changes:
- Rather than opening in October, the 2024-2025 FAFSA wasn't made available until December 2023. After the 2024-2025 aid year, the FAFSA will once again be available in October.
- There are fewer questions and requirements on the new 2024-2025 FAFSA, coined the Better FAFSA. The FAFSA experience is interactive and offers a virtual assistant to answer any questions the applicants have while applying. Video resources are also available to assist students and their families in applying.
- Students must provide consent and approval to retrieve and disclose federal tax information. Failure to give consent and approval results in automatic denial and rejection of the student's FAFSA application and denial of any federal aid possibility.
- "Contributors" consist of parent/guardians/other parents and/or spouses. Each contributor is required to create their own FSA ID. Legally married students and students deemed dependent are required to supply their contributors information on the FAFSA (legal name, social security number, date of birth and email). Each contributor is then contacted to give permission for their tax data and information to be retrieved and reported. Failure to give permission results in automatic denial and rejection of the student's FAFSA application and denial of any federal financial aid possibility.
- If parents are divorced or separated, the contributing parent(s) is the parent (and their spouse, if remarried) who have provided the greater portion of financial support to the student during the 12 months immediately prior to filing the FAFSA. It is not automatically the parent the student primarily lived with during the past 12 months. If both of your parents provided equal financial support to you during the 12 months immediately prior to filing the FAFSA, the contributing parent is whichever parent (and their spouse, if remarried) has the greater income and assets.
- The need analysis formula to determine financial aid, formerly known as the Expected Family Contribution (EFC), will now be referred to as the Student Aid Index (SAI). Unlike the EFC, the SAI may be a negative number.
- The number of family members in college will still be asked on the FAFSA; however, it will be excluded from the federal and state financial aid calculation.
- The Student Aid Report (SAR) will now be referred to as the FAFSA Submission Summary. This is the summary submission document received after completing the FAFSA.
- Students may list up to 20 schools on their FAFSA via the online application.
- The adjustments to the new Student Aid Index (SAI) calculation will expand Federal Pell Grant eligibility to more undergraduate students and will link eligibility to family size and the federal poverty level.