"Education Department's 2024 FAFSA Update: Simplified Aid Process and $1.8 Billion in Student Aid"

The Department of Education has updated the Student Aid Index (SAI) tables for the 2024-25 Free Application for Federal Student Aid (FAFSA) process, resulting in approximately $1.8 billion in additional aid for students. The Federal Processing System (FPS) will be updated to include the new tables, with FAFSA information expected to be transmitted to schools and state agencies in the first half of March. Students will receive notifications about the processing of their FAFSA forms, and institutions and scholarship organizations will also begin receiving batches of FAFSA information. The Department will continue to provide support and updates to its external partners throughout the FAFSA launch process.