What does My Fafsa is "Now Processed" Actually Mean?

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The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid. The FAFSA is different from CSS Profile, which is also required by some colleges.
When is the FAFSA filing date?
Typically, parents of college students would prepare their paperwork now so they can file the FAFSA in October.
In 2021, a FAFSA Simplification Act was approved, and those changes go into effect when filing this year for the 2024-2025 award year. That means there is a massive change to the student aid program.
“As a result, it’s taking a little bit longer for the federal government to get the FAFSA form ready, so they’re anticipating that it’s not going to be ready until December of this year. However, the following year, it will return to the October 1st date.”
No filing date has been announced yet but Tillman said that when it is announced, it’s always best to fill out the FAFSA early because aid is awarded on a first-come-first-serve basis.
Also, keep in mind that the FAFSA is not a one-time filing deal. The FAFSA must be filled out every year the student is in college to reapply for financial aid.
Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree. (In some cases, however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.) You are not eligible to receive a Federal Pell Grant
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#studentloans #Federaldirectloans #financialaid

[@NancyDranow]

Thank you for all the great information!

[@SJPanny]

What a great informative video. Thank you!

[@adventuremasterclub4807]

Thanks Ed, Great info!!!!!

[@venturework]

Timely and informative as always. Thanks, Ed! Columbia HS '25

[@LinhPham-dw8tr]

Thank you!

[@Muted--x--you]

Thank you. I was so confused what was going on lol

[@robertneumeyer2329]

Thanks for the update Ed. These videos are priceless! Roxbury HS 2024

[@rachelakeroyd286]

Thank you i was wondering what was going on

[@christyschiller8931]

What would we do without you? Amazing info on FAFSA update.

[@cdg8650]

Hi Ed thanks for the great information. DC District of Columbia has a grant. Is the box for completing additional forms showing up on their fafsa as well?

[@elizabethcheah8049]

Thank You! At what point do you fill out the Master Promissory Note? Since it only allows one selection, is this done when you are committed to one college or if you still are deciding on more than one?

[@mistitaylor1919]

Thank you for the information! We are in CA and our fasfa has been processed and the red correction box is visible, but I don't see the link for state aid you discussed. Will this appear later or does that mean we don't have to apply separately for state aid? Thanks

[@RyanArias-xg3hj]

Where can we find a list of the states that require a separate form for state aid? I haven't seen anything like that on my form or online for North Carolina. Referring to what you mentioned at 5:53

[@BuckRogers6979]

Thank you for this opportunity. St. Agnes Academy 2024 (Memphis, TN)

[@denisepicorale6533]

Thank you so much for your videos. I just checked and saw that my FAFSA was processed on 3/22 after being in review for all this time. Do you have any suggestions to get additional financial aid/ grants for a transfer student within NJ? He’s an Engineer major. Tia

[@TheAmerican101]

When should I sign up for fafsa

[@user-eq7xg9bj4b]

I applied to a school after I submitted my fasfa. I regret that I did not add this particular school in my falsa list. Will this delay my award. I still haven't received a processed form. Is there a way that i can add the school now?

[@cass9160]

I have two forms opened but finished one, but says both has been processed. The first one is messed up on and put myself as a parent contributor but im the student. what will happen and is it ok if i have those two applications but one fully completed??

[@xdidek8312]

What do I do if my Direct Federal Loans says 0 and no sai was calculated after being processed, is this a glitch?

[@RyanArias-xg3hj]

Where can we find a list of states that require a separate form for state aid? I haven't heard anything like that for North Carolina.

[@asssnatch9171]

hypersstate ssubsidizedffeudalism

[@fatimaal7144]

During the online application, no documents were uploaded

[@TheAmerican101]

Some random guy told me about fafsa. Is it easy to just sign up by my self or is there like an office to go to ? Just learned out this a week ago

[@Xeno-be9bg]

Yes, it's streamlined for you to apply for yourself but if you're not confident in your ability to fill it out, you could approach your school's counselors about guidance and assistance filling it out.
The website is called: studentaid.gov
Hope this helps, best of luck!

[@jordy7884]

Montclair High School, ' 24

[@Nadasoy20y1]

😅😅😅

[@asssnatch9171]

hypersstate ssubsidizedffeudalism