The delayed release of the 2024-25 Free Application for Federal Student Aid could make it more difficult for “early decision” applicants to accurately gauge the cost of their college education.
If you’re thinking about applying early decision this fall, here are six tips to help you navigate the FAFSA overhaul and your college financial aid prospects. 2. Estimate your financial aidIn past years, colleges’ online net price calculators have been the best way to estimate how much your education could cost at an institution — but with a lack of clarity around the new FAFSA, many of these calculators have not yet been updated, Vasconcelos says. Early decision applications should use other calculators.
“I think that we're going to see more families take advantage of that fine print this year and pull out of that early decision agreement, because they didn't understand what they were getting into financially, or they did not have an accurate estimate of financial aid eligibility upfront,” Vasconcelos says.
Request your FSA ID ahead of time so you’ll be ready to fill out the FAFSA right away upon its December release and get your financial aid package as fast as possible.
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