We would like to inform you that there is a nationwide delay in processing the 2024-2025 Free Application for Federal Student Aid (FAFSA). This delay is impacting institutions across the country, including Fisher College. We understand the potential impact on your financial planning and want to reassure you that we are actively working to find the best ways to support our Fisher community during this challenging time.
We acknowledge that waiting for financial aid information can be stressful, and we want to assure you that our team is here to support you at every step. If you have any questions or concerns, our dedicated team is ready to assist. At this time, we would encourageall applicants to submit the 2024-2025 FAFSA before the priority deadline of March 1, 2024 in order to be eligible for institutional need-based aid.
Upon receiving your FAFSA, our Financial Aid Office will prioritize the processing of your award package. We recognize the importance of timely financial assistance and are committed to ensuring that your needs are met. Accepted students who submitted a valid FAFSA by the above deadline will receive their tentative Financial Aid Package in April.
If you and your contributor (parent that is filing the FAFSA with you, where applicable) have not already created an FSA ID, you may do so on the Student Aid website. Please keep this in mind it can take up to 3 days for an FSA ID to be verified so that it can be used to sign the FAFSA.
Additionally, we would encourage you to complete the Fisher College Net Price Calculator. This tool is designed to help you and your family estimate your financial aid options and provides an approximation of what an undergraduate student can expect to pay to attend Fisher College for the 2024-2025 academic year.
Yes, the 2024-25 FAFSA® was released as a soft launch on December 31, 2023.
During the soft launch period, the Department will be monitoring site performance, conducting planned pauses for maintenance, and making updates to improve the user experience for students and families. For the most current information and updates, please visit FSA's 2024-25 FAFSA Soft Launch Details and Timelines webpage.
Unfortunately due to delays from the Department of Education, Fisher will not be in receipt of your FAFSA until mid-March. All college and universities are in the same situation. Our office will be working to send out award letters as soon as possible once we are in receipt of FAFSA data in March.
Easier FAFSA application process with a reduced number of questions.
The Federal Pell Grant expands to more students and will link eligibility to family size and the federal poverty level.
The Estimated Family Contribution (EFC) has been replaced by the Student Aid Index (SAI). The SAI is a different way to determine aid eligibility.
Schools will use the SAI to determine eligibility for federal financial aid programs. Fisher College will also use the SAI to determine financial need for need-based institutional funding such as the Fisher Trustee Grant.
Unlike the EFC calculation, the SAI will not include the number of family members in college. This may reduce need-based aid eligibility for current students with siblings in college.
The guidance on which parent income to report for students whose parents are separated or divorced 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.
To speed up processing time, parents without a Social Security Number will be able to apply for an FSA ID and submit their FAFSA application online. They will no longer have to print, sign and mail the form.
Students who qualify for a dependency override due to homelessness, or not being able to access their parents’ financials, no longer need to recertify their dependency status each year (unless their situation changes).
Male students under the age of 26 are no longer required to register with the Selective Service System to receive federal financial aid.
