When To Expect Financial Aid Offers
Previously, the US Department of Education announced that submitted FAFSA data would be sent to colleges and universities by the end of January 2024. However, this timeline has now changed. The US Department of Education expects to begin sending submitted FAFSA data to schools beginning in March 2024.
After submitted FAFSA data has been received, it will take several weeks for schools to process data to generate financial aid offers. This updated timeline means families should not expect to receive financial aid offers from any public (and possibly private) colleges and universities until later in the spring, likely in April 2024.
In the meantime, families should still plan to submit their 24-25 FAFSA as early as possible. If families have not submitted the FAFSA yet, they can use the Federal Student Aid Estimator to get an idea of how much financial aid they may qualify for. This tool can only provide an estimate and does not constitute an official financial aid offer.
Families who have successfully submitted their 24-25 FAFSA will be able to view their FAFSA Submission Summary (FSS) by logging into StudentAid.gov with their username and password. The FAFSA Submission Summary can be used to view preliminary financial aid estimates and other useful FAFSA information.
We understand the 2024-25 FAFSA experience has varied for many, and families may feel anxious about this new timeline. Please know that the Crosby Scholars Financial Aid team provides you with the most up-to-date information as we receive it. We will continue to provide support to help everyone understand and fully consider their financial aid offers in the spring.
