FAFSA Info
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 2 months before the start of the semester. The new FAFSA form will use your and your family’s taxes from 2 years prior to determine your federal financial aid. 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 to make sure we receive your FAFSA, or if you have any questions.
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 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.
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? . . . |
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.