The Free Application for Federal Student Aid (FAFSA) is your gateway to federal, state, and institutional financial aid. Here's everything you need to know about the 2025-26 FAFSA.
Key Dates and Deadlines
- Available: December 1, 2024
- Priority Deadline: Varies by state (as early as March 1, 2025)
- Federal Deadline: June 30, 2026
Important State Deadlines
Some states have early priority deadlines for state aid. Check your state's specific requirements:
- California: March 2, 2025
- Illinois: As early as possible after December 1
- New York: April 15, 2025
- Texas: January 15, 2026
What's New for 2025-26
Simplified Application
The new FAFSA is significantly shorter and easier to complete, with fewer questions and a more user-friendly interface.
Better Integration
Improved data sharing with the IRS means less manual data entry and faster processing times.
Enhanced Mobile Experience
The mobile version has been completely redesigned for easier completion on smartphones and tablets.
Required Documents
For Students
- Social Security Number
- Driver's License (if applicable)
- 2023 Tax Returns (W-2s and other tax records)
- Bank statements and investment records
- Untaxed income records
- Federal Student Aid (FSA) ID
For Parents (if dependent)
- Social Security Numbers
- 2023 Tax Returns and W-2s
- Bank statements and investment records
- Untaxed income records
- FSA ID for at least one parent
Step-by-Step Filing Guide
Step 1: Create Your FSA ID
Both students and parents need their own FSA ID to electronically sign the FAFSA.
Step 2: Gather Documents
Collect all required financial documents before starting the application.
Step 3: Complete the Application
- Start early and allow plenty of time
- Answer all questions accurately
- Use the IRS Data Retrieval Tool when available
- Review before submitting
Step 4: Submit and Follow Up
- Submit before priority deadlines
- Check your Student Aid Report (SAR)
- Respond to any verification requests promptly
Tips for Maximizing Aid
Financial Strategies
- Minimize assets in student's name
- Pay down consumer debt before filing
- Avoid withdrawing from retirement accounts
- Time capital gains carefully
Application Tips
- File as soon as possible after December 1
- Use estimates if tax returns aren't ready
- Apply even if you think you won't qualify
- Update with correct information once taxes are filed
Common Mistakes to Avoid
- Missing Deadlines: State deadlines can be much earlier than federal ones
- Incorrect Information: Double-check all entries for accuracy
- Forgetting to Sign: Both student and parent must sign electronically
- Not Updating: Update with correct tax information once available
- Skipping Schools: List all schools you're considering
After Submitting
Student Aid Report (SAR)
You'll receive your SAR within 3-5 days of submitting online. Review it carefully and make corrections if needed.
Financial Aid Offers
Colleges will send financial aid award letters typically by March or April. Compare offers carefully, considering:
- Total cost of attendance
- Grant and scholarship amounts (free money)
- Work-study opportunities
- Loan amounts and terms
Special Circumstances
If your family's financial situation has changed since filing taxes, contact your school's financial aid office about:
- Job loss or reduced income
- Medical expenses
- Natural disasters
- Other unusual circumstances
Resources and Help
- Federal Student Aid: studentaid.gov
- FAFSA Help: 1-800-4-FED-AID
- Your School's Financial Aid Office: Direct contact for school-specific questions
Remember: The FAFSA is free to complete. Never pay for help filing the FAFSA, and be wary of scholarship scams.
Ready to start planning your college finances? Use our Financial Aid Calculator to estimate your potential aid and plan your college budget.