How the new FAFSA will change financial aid for Texans

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College hopefuls should fill out the new federal student aid application to as soon as possible to get more funds.

Early College High school juniors listen to a presentation on college applications at the Austin Community College's Round Rock campus on May 5, 2023.With the recent launch of the revamped federal application to receive aid for college, financial aid counselors are urging college hopefuls in Texas to fill out the form as soon as possible to up the odds of getting more money — though they will have to wait a few months before they learn how much aid they'll get.

Because the changes to the new form were released late, the Texas Higher Education Coordinating Board pushed its own priority deadline for financial aid applications from Jan. 15 to Mar. 15. "It's really important to understand that some colleges in the state do run out of like state aid," Urquidez said."So we want our students to be at the front of the line."

For students with divorced or separated parents, aid will be determined based on the parent who provides the most financial support, instead of the parent the student lives with. This is the third academic year Texas is mandating the completion of financial aid applications. Texas was the second state to institute such a requirement in 2019, after Louisiana. Research suggests that students who file the federal form are

"We know that this is an important need. It's something we've been working to correct," said Richard Cordray, the head of the Education Department's Federal Student Aid.to submit an incomplete FAFSA online without a parent’s signature. Doing so will get students a confirmation email, which they can share with financial aid providers to show proof of submission.

 

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