Navigating the 2024-25 FAFSA Process

Keith Richie from KHEAA guides viewers through the 2024-25 FAFSA application process. The video covers logging in, filling out personal and financial information, determining dependency status, and providing parent details. It emphasizes the importance of creating an FSA ID and using the IRS direct data exchange for efficiency. The video also explains how to select colleges to send the FAFSA to and highlights the need for parent contributions for dependent students. The process concludes with signing and submitting the application.

Why is it important to create an FSA ID before starting the FAFSA application?

• It is required for college admission.

• It speeds up the FAFSA application process.

• It provides access to student loans.

• It helps in getting a scholarship.

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Which website do you need to visit to start the FAFSA application?

• education.gov

• fafsa.gov

• studentloans.gov

• studentaid.gov

What should you do if you notice incorrect information in your student identity section?

• Ignore it and continue.

• Contact the IRS.

• Update it in your account settings.

• Restart the application.

What is the purpose of the direct data exchange with the IRS in the FAFSA application?

• To apply for scholarships.

• To check eligibility for student loans.

• To verify student identity.

• To automatically fill in federal tax information.

What determines whether a student is considered dependent or independent for financial aid purposes?

• Student's financial status

• Student's marital status

• Student's residency status

• Student's age

What should you do if your financial circumstances have changed since the 2022 tax year?

• Contact your financial aid office.

• Update your FAFSA application.

• Ignore the changes.

• Submit a new tax return.

How many colleges can you add to your FAFSA application?

• 25

• 10

• 15

• 20

What information is required from parent contributors in the FAFSA application?

• Parent's educational background

• Parent's medical history

• Parent's financial and demographic information

• Parent's employment history

What should a parent do if they receive a contributor invite email for the FAFSA?

• Ignore the email

• Contact the student's school

• Create a new FSA ID

• Log in with their FSA ID and complete their portion

Who is responsible for hitting the final submit button on the FAFSA application?

• The parent

• The student

• The last contributor

• The financial aid office