As a tumultuous year for student aid concludes, the final deadlines for submitting the Free Application for Federal Student Aid (FAFSA) are approaching. The rollout this year, the 2024-2025 FAFSA, which covered the period from July 1, 2024, to June 30, 2025, has been a profoundly troubled one, testing the patience of families and schools in equal measure.
A Rocky Start and the Time Crunch
The 2024-2025 FAFSA had a troubled and slow soft launch on December 30 and a full opening in early January, after its usual fall opening date. Furthermore, this bumped up the clock for families wanting to hit priority deadlines for financial aid. With this timeline, scores of schools had to revamp their schedules for sending out awards to students at a very unusual, stressful time for financial aid.
According to Tim Bakula, director of financial aid at the University of Northern Iowa, the changes to the form were actually supposed to make the process easier and faster; rollout, though, proved to be anything but. Those adjustments aimed to make the general filling out of the FAFSA form easier and quicker, although delays during its launch meant that families, in cooperation with financial aid offices, had to hurry up in order to beat important deadlines.
To make matters worse, the delays in processing the FAFSA results meant that financial aid offices began awarding financial aid packages to students nearly six months late. Errors in the new process of importing tax information meant that thousands of forms had incorrect data, requiring corrections and further delays.
State Aid Deadlines and Institutional Adjustments
With July 1, the deadline for Iowa fast approaching, schools were racing to get the financial aid award packages out to students. Even while admitting to the delay, financial aid officials said students must file their FAFSA, stating that it was important for students to know what exactly was due to them. If a student files late, he or she may miss out on vital financial aid.
Some state scholarships and grants depend on filing FAFSAs quickly. For instance, the Iowa Tuition Grant offers up to $7,500 over four years to eligible students attending private colleges in the state, based on financial need. The grant requires a family to have filed their FAFSA by July 1. Additional state financial aid programs with a July 1 deadline include the Iowa Workforce Grant, the Iowa Vocational-Technical Tuition Grant, and the Iowa Skilled Workforce Shortage Tuition Grant.
The Future Ready Iowa Last-Dollar Scholarship requires the FAFSA to be filed by July 15 and covers remaining tuition and fee expenses. For many students, these programs hold great meaning, therefore, missing their deadlines can be what makes or breaks entry into college.
Seeking Assistance and Next Steps
Ryan Zantingh, Director of Financial Aid at Drake University, emphasizes the importance of seeking assistance amidst this year's FAFSA challenges. He encourages students and families to reach out to their school's financial aid office without hesitation. These offices are dedicated to helping families comprehend their expenses and consider all potential avenues for funding higher education.
"If families are struggling with how to put together a plan to pay, they should absolutely reach out to their financial aid office," Vantingh said. "That's why we're here trying to help make sure that families understand all their costs, understand their options."
This year's challenges still remind us of how critical clear communication and quick service are toward financial aid processing. Schools should continue in their efforts to adapt and try to support students through unforeseen hurdles.
Looking ahead, it's crucial to consider the insights gained from this challenging year. While streamlining the FAFSA process is commendable, it must not neglect the essential need for sufficient time and resources for all involved stakeholders. Improving the roll-out and support systems and mitigating disruptions while maximizing effectiveness to ensure financial aid works for everyone-- this is the challenge to be laid at the doorstep of policymakers and institutions of education alike. While the rollout of the 2024-2025 FAFSA posed significant barriers, it highlighted both student and family ingenuity, along with that of their institutions of learning. With continued process refinement and robust support, financial aid will continue to be there to support any student in need.
