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Fundamentals of Financial Aid for 2024

Admissions.Blog

Let’s dive into some definitions and discuss fundamental financial aid terminology while introducing what’s new this aid cycle so you can successfully navigate the process of funding an undergraduate education as we approach 2024. It aims to make higher education accessible to those with limited means.

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The Student Aid Index: Shifting Our Thinking on Financial Aid Eligibility

Ruffaloni

This blog was co-authored with Derek Flynn and Adam Connolly We have had many disruptors in higher education over the last several years, and this year, we have a new one that will have a major impact on financial aid awarding: the Student Aid Index. Watch our webinar for more strategies and insights.

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Biden Plan Would Expand Financial Aid Programs to Noncitizens

BestColleges

President Joe Biden has proposed expanding federal financial aid programs to noncitizens who attended high school in the U.S. Federal TRIO programs are the federal government's primary means of providing financial aid to historically underrepresented students attending colleges and universities in the U.S.

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300-Plus Colleges Commit to Financial Aid Transparency for Students

BestColleges

More than 360 colleges and universities committed to transparency standards for financial aid offers. A government watchdog warned last year that only 9% of institutions it examined had accurately told students an estimated net price of attendance in their financial aid offers.

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New Jersey Will Now Require High Schoolers to Apply for College Financial Aid to Graduate

BestColleges

Students who are at least 18 years old, parents, guardians, or counselors can sign a waiver to exempt students from filling out financial aid applications to graduate. New Jersey high school juniors now have to fill out financial aid applications to complete high school. 8 and is open until June 30, 2025. New Jersey Gov.

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California Debuts Updated Financial Aid Application for Undocumented Students

BestColleges

California rolled out an updated California Dream Act Application in 2024, simplifying the process undocumented students must undergo to qualify for state financial aid. Undocumented students are not eligible for federal financial aid, including Pell Grants. California Gov. Gavin Newsom signed the bill into law on Oct.

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FAFSA Launch Date Announced; Financial Aid Offers Likely Delayed

BestColleges

The so-called Simplified FAFSA has been many years in the making, and financial aid administrators have voiced concerns that delays could negatively impact student aid offers for the 2024-25 academic year. 31, colleges and universities may be unable to view financial aid eligibility data until late January.