Completing Your FAFSA | UCF Office of Student Financial Assistance (2024)

Changes to the FAFSA for the 2024-2025 Aid Year

New federal legislation has resulted in changes to the FAFSA that will go into effect for the 2024-2025 aid year. As a result of these changes, the 2024-2025 FAFSA will become available in December 2023. Additionally, UCF’s priority filing date for 2024-25 is February 15, 2024.
FAFSA Simplification Information for 2024-2025

Completing the Free Application for Federal Student Aid (FAFSA) automatically allows you to be considered for federal, state and university financial aid programs. Filling out the FAFSA is free.

All students must apply or reapply for financial aid every year.

The FAFSA typically becomes available on October 1 for the following academic year. For example, if you’re starting college in Fall 2023, the earliest you can submit your FAFSA is October 1, 2022.

To be given the greatest consideration for financial aid programs, you should complete the FAFSA before UCF’s established priority filing date. Some programs are first-come, first-served, so be sure to apply early to avoid losing out on potential funding opportunities.

The FAFSA application takes less than an hour to complete for first-time filers. The FAFSA renewal process can be completed in 10 minutes.

About 24-48 hours after you submit your FAFSA application, you’ll receive what’s called a SAR (Student Aid Report) outlining different types of federal aid that you’re eligible for.

2024-2025 Changes to the FAFSA
The 2024-2025 FAFSA will become available in December 2023. UCF’s priority filing date for 2024-25 is February 15, 2024.
FAFSA Simplification Information for 2024-2025

Ready to begin the FAFSA?

Before you start, it’s important to gather some financial information. Make sure you have access to the following items for yourself and your parents:

  • W-2 forms

  • Tax returns

  • Records of untaxed income and benefits

Fill out the FAFSA

If you’re not ready to apply for federal student aid, but you’d like to estimate your aid, check out FAFSA4caster. The FAFSA4caster is an early eligibility estimator that can help you plan ahead when it comes to paying for college.

UCF School Code:

003954

UCF’s Priority Date for FAFSA:

December 1
(2023-2024 FAFSA)

February 15
(2024-2025 FAFSA)

Prior-Prior Tax Year

Recent changes have been made to simplify the FAFSA, allowing some flexibility with the tax information that is required. Students and their families can report tax income information from an earlier tax year, rather than just the prior tax year.

This change allows students to report tax information from a prior-prior tax year (PPY), which means tax information from two years ago. It also allows students and their families to fill out the FAFSA form in a timely manner in order to have their financial aid packages before making college decisions.

Completing Your FAFSA | UCF Office of Student Financial Assistance (1)

Benefits of using prior-prior tax year info:

  • File earlier. Students can file the FAFSA as early as October 1, instead of beginning on January 1.
  • Be better aligned with the college application calendar.
  • Receive financial aid information further in advance of college decision deadlines.
  • Increase the ability to make well-informed college and financial aid decisions.
When a student is attending collegeWhen a student can submit a FAFSAWhich year’s income and tax information is required
July 1, 2023 – June 30, 2024Oct. 1, 2022 – June 30, 20242021
July 1, 2024 – June 30, 2025December 2023 – June 30, 20252022

Marital status when completing the FAFSA

The FAFSA asks for marital status as of the day the FAFSA is filled out.

If married now but not in 2021 (and therefore didn’t file taxes as married), you will need to add your spouse’s income to your FAFSA. Similarly, if you filed your 2021 taxes as married but you’re no longer married when you fill out the FAFSA, you’ll need to subtract your spouse’s income.

FAFSA Frequently Asked Questions

Do I have to file for Federal Student Aid every year? When are the deadlines?

Yes, you must apply each year. The priority date is December 1st each year. FAFSA applications are available starting in October for the upcoming year.

How do I file the Free Application for Federal Student Aid (FAFSA)?

The FAFSA can be completed online. If you plan to apply for aid for the summer term, also complete the FAFSA for the current year. It is recommended that you do this by early November to meet UCF’s priority application date of December 1. UCF’s school code is 003954.

How do I receive the Student Aid Report (SAR) as a result of filing the FAFSA?

It will be sent to you via email if you completed the FAFSA online. If not, call the Federal Student Aid Information Center at 1-800-4-FED AID (1-800-433-3243).

A paper Student Aid Report will be mailed to your home address if you did not provide an email address.

There were problems with the FAFSA. How do I resolve them quickly by making any necessary corrections?

Corrections to the FAFSA can be made by logging onto FAFSA.gov using your FSA ID and password.

How will the Early FAFSA changes benefit students?

The FAFSA will ask for older income and tax information, students will already have completed taxes by the time of FAFSA filing (October 1st) and won’t need to estimate tax information.

Taxes are completed before FAFSA filing time (October 1st).

With the FAFSA available earlier, students may feel less pressure and have more time to explore and understand financial aid options then apply for aid before state and school deadlines.

View All FAQs

Completing Your FAFSA | UCF Office of Student Financial Assistance (2024)

FAQs

How long does it take for FAFSA to process an application? ›

This article applies only to the 2023–24 Free Application for Federal Student Aid (FAFSA®) form. If you submitted your 2023–24 FAFSA form online, we'll process your form within three to five days. If you submitted a paper FAFSA form, your form will be processed within 7 to 10 days.

What is the deadline to apply for FAFSA 2024-2025? ›

The 2024–25 Free Application for Federal Student Aid (FAFSA®) form is now available. You can complete the form to apply for financial aid to help pay for attendance at college between July 1, 2024, and June 30, 2025.

Who can help you complete the FAFSA? ›

Get Help. Check the Help section of the FAFSA website or call the Federal Student Aid Information Center at 1-800-4‐FED AID (1-800-433-3243).

How do I get my money from FAFSA? ›

Before each year of college, apply for federal grants, work-study, and loans with the Free Application for Federal Student Aid (FAFSA®) form. Your college uses your FAFSA data to determine your federal aid eligibility. Many states and colleges use FAFSA data to award their own aid.

How do I know if my FAFSA is approved? ›

You can check the status of your FAFSA any time after submitting it online. Once logged in , your FAFSA status displays on the “My FAFSA” page. If you submitted a paper FAFSA, your application will be processed within 7–10 days, at which time you can check your status.

What is the income limit for FAFSA 2024? ›

What Are the FAFSA Income Limits for 2024? Both students and their parents often think their household income makes them ineligible for financial aid. However, there's no income limit for the FAFSA, and the U.S. Department of Education does not have an income cap for federal financial aid.

Do both parents have to fill out FAFSA 2024-25? ›

Dependent students whose parents filed their U.S. income tax return as Married Filing Jointly only require one parent contributor to complete the FAFSA. If the student's parents filed separately, both parents will be considered contributors and therefore need separate FSA IDs, and both must provide consent.

Is FAFSA first come first serve? ›

Over 17.6 million FAFSA forms are completed each year, according to the Department of Education. However, some of the available money is handed out on a first come, first serve basis. So, it's a good idea to file your application sooner than later to help pay for your education.

What are three things you need to complete the FAFSA? ›

Bank statements and records of investments (if applicable), net worth of investments, businesses, and farms. Records of untaxed income (if applicable) An FSA ID (account username and password) to log in to StudentAid.gov and start the FAFSA form electronically.

What documents do you need for FAFSA? ›

Documents
  • Driver's License (if you have one)
  • Social Security Card or number (if you have one)
  • Alien Registration number (if you have one)
  • Individual Taxpayer Identification Number (ITIN)
  • Deferred Action for Childhood Arrivals (DACA) number (if you have one)
  • List of colleges you are interested in attending.

What not to include on FAFSA? ›

Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.

How long does FAFSA take to give you money? ›

This can take any time between three days and three weeks after you submit your form. Review the letter and tell the school which financial aid you plan to accept. Depends on the school, but usually with or shortly after your offer of admission.

Do you pay back the money you get from FAFSA? ›

The FAFSA is your application for federal financial aid. Some types of aid you receive through the FAFSA, like grants or scholarships, do not need to be repaid. However, federal student loans received through your FAFSA do have to be repaid with interest after you graduate or leave school.

Can I use my FAFSA money for a car? ›

You can use student loans to pay for a college's cost of attendance, and the cost of attendance includes transportation, so can you use student loans to buy a car? You cannot use student loans to buy a car. If you live off campus, having a car may be a necessity, but the college doesn't require it.

Why is FAFSA taking so long? ›

The delays are a result of overhauls made to the aid application system that were mandated by laws passed by Congress in 2019 and 2020. The overhauls were intended to make the FAFSA simpler, easier to use, and to make more lower-income students eligible for more aid.

How long does the FAFSA verification process take? ›

How long does the verification process take? Verification processing time is generally two to three weeks during peak season (June-October), and one to two weeks during non-peak season (November-May).

How fast should you apply for FAFSA? ›

Apply for the FAFSA as soon as possible after it opens. Applying early gives you the best chance at getting the most free money for school. When is FAFSA due for fall 2023? The 2023-24 school year FAFSA is due June 30, 2024.

How long does it take to know your FAFSA amount? ›

Typically, you'll be able to access your SAR within two weeks of filing your FAFSA form. Learn what to do if you didn't receive your SAR within two weeks.

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