The FAFSA is now open for the 2024-2025 academic year!
This is a crucial step in securing financial assistance for your education, and we encourage you to complete the application as soon as possible.
The priority deadline for students to complete the application has been extended to March 15, 2024. It’s essential to submit your application before that deadline to ensure your eligibility for aid. Some financial aid programs operate on a first-come, first-served basis.
Use school code 003623.
FAFSA Simplification Changes for 2024-2025
The FAFSA Simplification Act represents a significant overhaul of the processes and systems used to award federal student aid starting with the 2024-2025 award year. Normally, the FAFSA has been available in October for the following fall. The new FAFSA features fewer questions and retrieve tax information using a direct data exchange from the IRS instead of the previous IRS Data Retrieval Tool.
FAFSA Completion Date
- The priority deadline for all current St. Mary’s undergraduate students to submit a 2024-2025 FAFSA has been extended to March 15, 2024.
- The U.S. Department of Education (Ed) has announced that institutions will begin receiving batches of FAFSAs starting in March.
- If you will be a new freshman in Fall 2024, financial aid offers will be sent after a review of your received FAFSA.
- All current undergraduate, law and graduate students will be awarded by July 1, 2024.
Before you start the application, gather all necessary documents. This will streamline the application process and help ensure accuracy. Documents needed may include:
- Your FSA ID*
- Parents’ (and/or spouse’s) FSA ID*
- 2022 Tax Returns:
- Parents’ 2022 1040 Tax Return Form with schedules 1,2 and 3 (if applicable)
- Your (student’s) 2022 Tax Return with Schedules 1, 2 and 3 (if applicable)
- W2 forms for parent(s) and yourself, if you worked in 2022
- Financial assets information, such as current statements for checking, savings and investment accounts
- Child support payments received in 2023
*FSA IDs must be created at least three days before you submit. All contributors will need an FSA ID. Contributors are individuals, such as a parent or spouse, who may be required to provide information on an applicant’s FAFSA, depending on the applicant’s dependency or marital status.
The Expected Family Contribution (EFC) is no longer used. The Student Aid Index (SAI) will take the place of the EFC. The new formula removes the number of family members in college from the calculation, allows a minimum SAI of -$1,500, and implements a separate eligibility determination criterion for the Federal Pell Grant.
The new FAFSA introduces the term contributor. Contributors are individuals, such as a parent or spouse, who may be required to provide information on an applicant’s FAFSA depending on the applicant’s dependency or marital status. Applicants and other contributors must consent to the use of their Federal Tax Information (FTI) of their FAFSA or will risk not being awarded aid.
FSA ID Information
Start planning for the 2024-2025 FAFSA by getting an FSA ID. An FSA ID is an account and password that gives you access to the Federal Student Aid’s online system and serves as your electronic signature.
- Each contributor must have an FSA ID.
- To setup an FSA ID, each contributor will need the items below:
- Social Security Number (SSN)
- Email address for each person
- Each individual must have their own, individual email
- When can contributors sign up for an FSA ID?
- If you have an SSN, you can sign up now
- Parents without an SSN can sign up by December 31, 2023
- If you already have an FSA ID, there’s no need to sign up again.
- Start at studentaid.gov and select Create Account from the top right corner of the page.
- Click Get Started.
- Check I don’t have a Social Security Number and click Continue.
- A warning will appear; click Continue Without SSN.
- Follow the instructions to create a username and password and click Continue.
- Note, an email address is required and the email address cannot be associated with another FSA ID account. (For example, you cannot use the same email address for the child and parent, or for both parents.)
- Enter address information and click Continue.
- Note, a mailing address is required for anyone without an SSN.
- Foreign phone numbers are not accepted, so leave this field blank if you have a foreign phone number.
- Follow the instructions and click Continue.
- Follow the instructions to choose challenge questions you will be asked to answer if you forget your username or password and click Continue.
- Review information, and edit incorrect information if necessary.
- Check the box indicating you agree to FSA’s Terms and Conditions, then click Continue.
- Follow the instructions and click Continue.
- Answer knowledge-based identity verification questions and click Submit.
- Note, if any identity verification questions are answered incorrectly (and only in this case), you will see an error message indicating your account was created. You still need to contact the Federal Student Aid Information Center (FSAIC) to verify your identity before you can use the FSA ID to complete the FAFSA as an applicant or contributor (parent or spouse).
- You will be asked by email to submit the following documentation to the email address provided.
- ONE of the following: U.S. driver’s license, U.S. state/city ID card or foreign passport
- OR a utility bill (with name and address matching what was entered in the FSA ID request process), plus one of the following: municipal ID card, community ID, consular ID card/matricula consular
- Identity verification will be confirmed within 1-3 days by email, after which the FSA ID will be created and you will be ready to complete the FAFSA as a student applicant or contributor.
How can I create an FSA ID without a Social Security Number (SSN)?
For any questions you or your family may have, please don’t hesitate to reach out to the Office of Financial Assistance or the available FAFSA hotlines.
Office of Financial Assistance
St. Louis Hall, Suite 301
FAFSA Help Hotline
Trellis-Project Success FAFSA Hotline
This is a free service to assist students one-on-one with completing the FAFSA. Counselors are available by phone Monday through Thursday, from 8 a.m. to 6 p.m., and Friday, 8 a.m. to 5 pm.
FAFSA Simplification Resources