Did you hear about the 2024-2025 FAFSA updates?

The Free Application for Federal Student Aid (FAFSA) has recently undergone changes that you should know about. The new 2024-25 FAFSA was released on December 31, 2023.

Changes include:

Student Aid Index. Transition to a Student Aid Index (SAI) rather than the Expected Family Contribution (EFC) in evaluation of eligibility of student aid.

Grandparent-owned 529s. Eliminated the reporting required for grandparent/third party accounts, removing the impact a grandparent-owned 529 account has on the aid award packet.

Schools on list. Doubled the number of schools a student can list on the application to receive their information, from 10 to 20.

For more changes regarding the updates on FAFSA, visit our page for more information. You may also refer to the FAFSA website for additional information: https://studentaid.gov/.

Winter 2024 Newsletter

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Did you hear about FAFSA updates?
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Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

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FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

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