Texas Tech University

The New FAFSA

Keep up with the latest here.

Department of Education Video

The FAFSA Simplification Act was passed by Congress to streamline the financial aid process for students and families. Among other key changes, this legislation will reduce the total number of questions students see when filing the FAFSA, attempts to clarify the questions that will be asked, and will aim to increase Federal Pell Grant eligibility.

The new FAFSA form is now available!
April 15 Priority Deadline Effective 2024/2025 Aid Year Use 2022 Taxes
 

LASTEST UPDATES


January 30, 2024: The Department of Education will begin transmitting batches of FAFSA information—known as the Institutional Student Information Record or ISIR—to institutions in the first half of March. Students will also be able to make corrections to their form starting in the first half of March.

What this means for you:
  • Once Texas Tech receives the necessary data from the Department of Education, we will assess your financial aid eligibility and craft a personalized financial aid package as soon as possible.
  • These ISIRs will contain the updated Student Aid Index (SAI) tables, ensuring that your financial aid package is accurately calculated and reflects the most current information available.
December 15, 2023: Students and families will be able to submit the 2024–2025 FAFSA form online by December 31. FSA will be treating the period leading up to and following December 31 as a soft launch period to allow opportunity to monitor and respond to any potential issues.

  • You may experience delays that impact accessing the FAFSA during December and January.
  • Although you may be able to complete the form, FSA will not transmit your FAFSA to any institution until late January.
  • Upon submission, you will receive a confirmation email noting your submission date, estimated Student Aid Index (SAI), and estimated Federal Pell Grant eligibility.



Effective February 5, 2024 - Housing Cancellation Deadline: We understand the importance of financial aid to support students in attending and living at Texas Tech University. With continued delays in financial aid packaging due to the new FAFSA, University Student Housing has extended the contract cancellation deadline from May 1, 2024 to June 1, 2024. Students who formally cancel their contracts on or before June 1, 2024 are eligible for a refund of the $400 initial deposit. To sign-up for on-campus housing or cancel a housing contract, click here.

April 15 State Priority Deadline:  To maximize financial aid opportunities, apply by the April 15 State Priority Deadline. When Texas Tech begins to receive FAFSA information from the Department of Ed., we will use the completion date provided on the Institutional Student Information Record (ISIR) to determine if a a student has met the priority deadline.

Students who may qualify for the Red Raider Guarantee Program are required to meet the April 15 Priority Deadline.

To maximize financial aid opportunities, new students should complete the application process and receive an admission decision by the April 15th State Priority Deadline.

MORE ABOUT THE NEW FAFSA

Visit this area to stay up to date on any developments with the new FAFSA.


The new FAFSA form will use you and/or your family's 2022 taxes to determine your eligibility for federal student aid (2024-2025). Ensuring that this information is completed and accessible may assist you in the process.

The Texas Tech Office of Student Financial Aid and Scholarships has created this site to assist students and families through the application process. Check back as we will continue to post additional resources and share important updates.


The 2024-2025 FAFSA won't be availabile until December, but you and all who will contribute information on the FAFSA can get a FSA ID. If you already have a FSA ID, you don't need a new one.

Getting this step done now will save you time later. Be sure to save your ID and password where you can access them when the FAFSA becomes available in December.




All parents who need to contribute information to the FAFSA can get a FSA ID, even if they don't have a SSN. They will be asked several identifying questions by TransUnion, a credit agency that will be serving to confirm the identity of anyone without an SSN. These questions will be based on information they can find on a credit report (Ex: What is the make/model of the car with a loan you are currently paying?).

FSA ID Instructions
FSA ID Instructions (Español)


The benefits of FAFSA simplification include:

  • A more streamlined application process
  • Expanded eligibility for federal student aid
  • Reduced barriers for certain student populations (e.g., homeless and unaccompanied youth, incarcerated students, English language learners, and students from low-income backgrounds)
  • Better user experience for the FAFSA form

Significant changes to the application process include changes to the FAFSA form, how students and families complete the application, and the eligibility calculation.

  • 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.
  • 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.

  • Replaces the Expected Family Contribution (EFC)
  • Determines Federal Pell Grant eligibility
  • Determines federal loan offers and work study funding

Eligibility for federal student aid will be expanded in the following ways:

  • New methodology will be introduced to calculate and determine applicant eligibility. The Expected Family Contribution (EFC) will be replaced with the Student Aid Index (SAI).
  • The new need-analysis formula allows for a negative SAI calculation and implements separate eligibility criteria for Federal Pell Grants.
  • Federal Pell Grant access will be expanded and linked to family size and federal poverty levels, which will allow more students and families from low-income backgrounds to qualify.
  • Federal Pell Grant access will be restored to incarcerated students under specific rules and programs.
  • Selective Service and drug conviction questions will be eliminated to reduce applicant barriers.

You can estimate all federal aid you may be eligible for in 2024-2025 through the Federal Aid Estimator.




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.

  • The new FAFSA will not be available to fill out until December 2023 for the 2024-25 school year.
  • Texas has updated its priority deadline to April 15th
  • So don't worry. You can get it in on time.

  • Yes. Everyone needs 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.

Fore more information, click below!

Resources

Watch How to Submit a 2024-25 FAFSA

Webinar En Español

TASFA

The Texas Application for State Financial Aid (TASFA) is a financial aid application for students who are classified as Texas Residents but who cannot apply for federal financial aid using the FAFSA.