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New FAFSA For 2024-2025 

After 40 years, a new FAFSA is coming!

Congress approved the FAFSA Simplification Act with the goal of making the financial aid application process easier for students and their families. As part of this law, there will be a decrease in the overall number of questions students encounter while completing the FAFSA form. Additionally, efforts will be made to make the questions more straightforward, and there will be an emphasis on expanding eligibility for the Federal Pell Grant.

How can I prepare for the changes?

Changes mean delays! So, it is vital that ALL students file the new FAFSA as soon as possible, preferably starting in January 2024. The new FAFSA form will use your and your family’s 2022 taxes to determine your federal financial aid for 2024-2025. Students and contributors must watch the following FAFSA resource videos to get guidance on how to complete the new type of FAFSA. Call our financial aid office at 575-769-4060 after it has been submitted, or if you have any questions.

 

What Major Changes will FAFSA Simplification introduce?

Significant changes include:

  • Expected Family Contribution (EFC) is being replaced by the Student Aid Index (SAI).
  • Students who can't get parental information can now fill out the form and get a calculated Student Aid Index (SAI).
  • All students and parents will need to consent to have their information pulled in from the IRS.
  • The IRS’s Direct Data Exchange Tool will be the only way to fill in tax information on the FAFSA.
  • All students and parents, including those without a social security number, can fill out the form.
  • Siblings in college will be listed but will no longer have an impact on the SAI.
  • Business income now needs to be reported, including family farms.
  • The Financial Aid Office will not be able to make corrections on student’s file, rather students will have to make those corrections themselves.

The Student Aid Index (SAI) is a numerical eligibility indicator used to assess the amount of federal student aid a student could potentially receive if they were to enroll at the institution. The SAI is derived from the information submitted by the student on their FAFSA® form.

FAFSA simplification will be implemented in phases. Certain changes began in the 2021–2022 Award Year and full implementation of major provisions will occur during the 2024–2025 Award Year.

  • Yes. Everyone, student and contributors, need to consent regardless of filing or citizenship status.
  • If you didn't file taxes or you filed taxes in another country, you still need to consent.
  • If your information is unavailable from the IRS, you will be asked to add it manually.

Visit Studentaid.Gov for more information

 

First Steps To File Your Fafsa

Create an FSA ID

Create an FSA ID at studentaid.gov. In order to complete the Free Application for Federal Student Aid, students now need a Federal Student Aid ID (FSA ID), made up of a selected username and password. Students and parents should create their own in order to electronically sign their FAFSAs and other federal financial aid documents. What’s an FSA ID and Why Do I Need One? 

For a video on how to create an FSA ID, click here.

File online at studentaid.gov. The FAFSA is available after Oct. 1. You will want to file after you have completed the previous year’s taxes. If you have filed a FAFSA in the previous year, you may be able to file a renewal FAFSA online, which has pre-filled information. This online application determines if you are eligible for Federal Grants, Loans, Scholarships and Work Study.

OR you can bring your information into the Financial Aid Office and we can help you complete your application at the self-help terminals.

For our visually impaired students, the FAFSA is available in Braille. If you are hearing impaired, contact the TTY line at 1-800-730-8913. Other filing options can be found at studentaid.gov/help/which-fafsa

Information about completing the FAFSA in Spanish can be found here.

After completing your FAFSA, the Department of Education will send you your Student Aid Report (SAR) which is confirmation that your FAFSA has been received and processed. If you provided an email address on the FAFSA, you will receive the SAR via email. Please review the information carefully and contact CCC's Financial Aid Office at (575) 769-4060 if corrections need to be made.

Keep your SAR for your records. CCC’s Financial Aid Office will receive your SAR electronically, and will inform you by letter if any further documentation is needed.

Apply early! Because it can take several weeks to process a FAFSA, we encourage you to apply early and follow through with all requirements in order to receive an early award letter. Some types of aid are limited and awarded on a first-come first-serve basis.

 

After the FAFSA: What happens next? . . .
FAFSA Info
 
Contact Info

Financial Aid Department
Dr. H. A. Miller Student Services Center
Clovis Community College
417 Schepps Blvd.
Clovis, NM 88101

Email: finaid@clovis.edu
Chat with us NOW!
Call: 575.769.4060

FAFSA School Code: 004743

Hours of Operation:
Monday through Thursday
from 8:00 a.m. to 5:00 p.m.
Friday from 8:00 a.m. to 4:30 p.m.

 

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