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2024-25 FAFSA

What You Need to Know

The 2024-25 Free Application for Federal Student Aid (FAFSA) will introduce the most significant changes to the financial aid application in the past 40 years. These changes aim to simplify the application process for students and families while updating how federal aid eligibility is calculated. These changes are a result of the FAFSA Simplification Act, passed by Congress in 2020, and will be effective beginning in the 2024-2025 award year.

While the application form will be simplified and eligibility calculations are changing, it’s important to also call out what is not changing — including our commitment to providing a transparent four year financial aid offer upfront for admitted students.

Page last updated November 28, 2023.

What's Changing?

The 2024-25 FAFSA will be available in December, instead of Oct. 1.

The Department of Education has committed to opening the FAFSA by December 31, 2023.

We encourage students to file the FAFSA as soon as it's available — admitted students who file the FAFSA will be prioritized as we create personalized financial aid offers. UD's goal is to begin sending financial aid offers to admitted first-year students in March. This goal was updated in November 2023 after the Department of Education announced that colleges and universities will not receive students’ FAFSA information until late January (we previously communicated a goal to begin sending financial aid offers in late February). We will continue to update this page as we learn more.

The new FAFSA will ask fewer questions (the maximum number of questions has been reduced from 108 to 46), and tax information will be automatically imported through the IRS Direct Data Exchange (DDX). This means you won’t have to look up information like ‘adjusted gross income’ and can easily submit the FAFSA by giving consent for the FAFSA to use data you’ve already reported to the IRS. Students and their contributors will be required to provide consent and approval to transfer their federal tax information to be eligible for federal aid.

The income thresholds used to determine Pell Grant eligibility have been expanded, allowing more students from moderate-income families to qualify for the grant. Current UD students should file the FAFSA each year; some may find that they are eligible for additional aid due to this change.

This change better represents that this is an eligibility index for awarding financial aid, not a reflection of what a family can or will pay for a college education. However, this is more than a name change — the calculation itself is also being updated in the following ways:

  • The Income Protection Allowance (IPA) will increase. The IPA protects a portion of income and assets (to cover basic living expenses) from being considered in the formula to determine the SAI.
  • The number of family members in college won’t be considered in the SAI. In the past, if multiple family members were enrolled in college, the EFC was split between them, increasing aid eligibility.
  • Family farms and small businesses will be considered. Families will now be required to report the net worth of their farms or businesses, and this can influence the SAI.

A student’s ‘Family Size’ will come directly from tax information and can be updated with current family size information when the FAFSA is filed.

In the case of divorced or separated parents, the FAFSA should be completed by the parent who provides the greater portion of the student’s financial support. In cases where both parents provide equal financial support, the parent with higher income should be listed on the FAFSA. Previously it was completed by the parent who held primary residence for the student.

“Contributor” is a new term introduced on the 2024-25 FAFSA. A contributor is anyone who will be required to provide consent and approval to have their federal tax information transferred directly from the IRS into the FAFSA form. The student filing the FAFSA is a contributor. Other contributors may include a spouse (if applicable), biological or adoptive parents and step-parents. If a family member is identified as a contributor, it does not mean that they have an obligation to pay for your education.

Students will need to provide the following information on the FAFSA for each contributor:

  • Name
  • Social Security Number (if they have one)
  • Date of birth
  • Email address

All contributors will receive an email inviting them to complete their part. Each contributor must have their own Federal Student Aid (FSA) ID.

This video from the Office of Federal Student Aid provides a helpful overview of contributors and how to prepare them to complete their part of the federal aid application.

What's Not Changing?

As a Catholic and Marianist university, UD is committed to transparency and accessibility because we want you to have clarity about the cost and value of our top-tier education. The University of Dayton remains invested in student success — we provide more than $220 million in financial aid each year. And our transparent tuition plan means you’ll know your net tuition cost for each year at UD, so you don’t have to worry about additional fees or unexpected tuition increases because the net tuition on your four-year financial aid offer is guaranteed.

Current UD undergraduate students can rest assured that their aid will not change, thanks to our transparent tuition plan with guaranteed net tuition. You can count on the net tuition cost for each year that was shared on your financial aid offer. 

The FAFSA will remain required for federal, state and institutional aid consideration. The deadline for undergraduate applicants to file and send their FAFSA to the University of Dayton is February 1, 2024.

New undergraduate students who apply, visit campus and file the FAFSA by February 1 will be eligible for a textbook scholarship worth up to $1,000 per year for four years at UD.

Anyone submitting financial information as part of a student’s FAFSA will need to create a personal Federal Student Aid ID (FSA ID). The process requires verification through the Social Security Administration so it may take some time to receive your ID; students and family members can complete this step before the FAFSA opens in December. You will need to provide your social security number and mobile phone number or email address to get started.

FAFSA questions about the applicant’s gender, race and ethnicity have no effect on federal student aid eligibility and remain only for statistical purposes. This information is not shared with universities.

The FAFSA will request tax information from the prior-prior year. For example, the 2024-2025 FAFSA will request tax information from the 2022 tax year.

Students will be eligible for federal student loans assuming they complete the FAFSA and are not in default on any previous student loans.

After the 2024-25 FAFSA, the opening date will return to October 1 for the 2025-26 FAFSA and beyond.

The FAFSA remains an annual application that students must complete each year to remain eligible for financial aid.

What Can You Do Now to Prepare?

All students and contributors will need their own Federal Student Aid (FSA) ID. This ID will be used to authenticate you and your contributors for several federal student aid processes. Individuals cannot share an FSA ID, even if they’re in the same family. We encourage students and contributors to complete this step now to avoid any delays (this process can take 3 to 5 business days).

This video shares more information about creating an FSA ID and how to solve common issues with accessing your Federal Student Aid account.

Prepare to file the FAFSA before it opens in December by gathering the required documents. Having these documents on hand will help you complete the form accurately and help you avoid any potential delays.

When completing your FAFSA, you and your contributors will be required to provide consent and approval for the IRS to share your federal tax return data with Federal Student Aid. It’s also good to gather other important documents and information in case you need to enter any information manually. This may include:

  • Tax returns
  • Child support records
  • Current balances of cash, savings and checking accounts
  • Net worth of investments, businesses and farms
  • Name, email address, date of birth and social security number (if they have one) for each contributor

This video provides more detail on the information required to complete your FAFSA:

We're Here to Help

The University of Dayton is committed to making our top-tier Catholic education affordable and accessible. We will continue to update this page as we learn more about FAFSA changes from the federal government, and we will send information to prospective undergraduate students and families as we learn more. If you don’t already receive emails from the University of Dayton, you can join our mailing list here.