FAFSA Changes Quiz

When does the 2024-2025 FAFSA open?

• October 1, 2023

• December 2023

• January 1, 2024

• March 1, 2024

What is required to start the FAFSA?

• Social Security number

• FSA ID

• Driver's license

• Passport

What changes are being made to the FAFSA questions?

• Questions are being removed

• Questions are being added

• Questions are being rearranged

• All of the above

Who should be included as the parent on the FAFSA for dependent students with separated parents?

• The custodial parent

• The non-custodial parent

• Both parents

• The parent providing the most financial support

What is the new terminology for someone required to report their information on the FAFSA?

• Contributor

• Applicant

• Dependent

• Recipient

What is replacing the IRS DRT for transferring tax information to the FAFSA?

• Direct data exchange

• Online form

• Still the IRS DRT

• Email

What is the new name for the Student Aid Report?

• FAFSA Submission Summary

• Financial Aid Report

• Student Aid Index

• Pell Grant Summary

What is required for every contributor on the FAFSA to be eligible for federal financial aid?

• Consent to direct data exchange

• File taxes

• Have a high GPA

• Submit additional financial documents

What will replace the Expected Family Contribution (EFC) after submitting the FAFSA?

• Student Aid Index (SAI)

• Financial Need Index (FNI)

• Pell Grant Index (PGI)

• Family Contribution Index (FCI)

These new FAFSA data elements will impact the calculated SAI for impacted students

• Reporting the net worth of any business

• Reporting the net worth of a family farm

• Exclusion of siblings in college

• All of the above