The FAFSA Simplification Act has recently been passed by Congress to streamline the
financial aid process for students and families. Key changes
that can impact the application process and resulting financial aid offers for students are outlined

Key changes include, but are not limited to:

  2. You will not be allowed to manually enter IRS tax information to the FAFSA. The 2024-2025 FAFSA and beyond will use the FUTURE ACT DIRECT DATA EXCHANGE [FADDX], instead of the DATA RETRIEVAL TOOL [DRT] to receive FEDERAL TAX INFORMATION [FTI] from the Internal Revenue Service [IRS]. Each CONTRIBUTOR [Student and Parent[s]] must give consent for this information to be retrieved by FAFSA.
  3. For students whose parents are separated or divorced, the guidance on which parent income to report has changed to: the parent who provides the most financial support to the student, rather than the parent who lives at the student’s primary residence.
  4. The net worth of a business is no longer limited to those with more than 100 full-time employees. Applicants will be asked to report the net worth of all businesses, regardless of the business size.
  5. Parents without a Social Security Number [SSN] will be able to apply for a FSA ID. This will increase FAFSA processing time as parents will be able to submit the form online, rather than having to print, sign and mail their application.

***For additional FAFSA SIMPLIFICATION details, please visit www.FederalStudentAid.gov***

via Federal Student Aid: “What’s Changed for the 2024–25 FAFSA® Form?”

The 2024–25 Free Application for Federal Student Aid (FAFSA) had unprecedented changes to how students and families apply for federal student aid and how eligibility is determined.  These changes have led to many challenges for the US Department of Education. 

On January 30, 2024, the US Department of Education announced that Federal Student Aid (FSA) will complete eligibility determination and begin transmitting Institutional Student Information Records (ISIRs) and FAFSA Submission Summaries (FSSS) to state scholarship agencies, institutions, and applicants during the first half of March 2024. 

This will delay the details related to your financial aid award offer  from UMES until early May 2024 **Pending timely receipt of FAFSA information from the Department of Education and system updates**

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