A New FAFSA Form Is Coming, Along With Changes in College Aid

A long-awaited, supposedly user-friendly version of the college financial aid form known as the FAFSA will be unveiled for the 2024-25 school year. The new form aims to simplify the process of applying for college aid because it’s been found that those who complete a FAFSA, short for Free Application for Federal Student Aid, are more likely to attend college. Along with updating the form, the federal government is expanding eligibility for federal aid in the biggest overhaul in decades. But some families with more than one child in college at the same time may qualify for less assistance. That’s because the overhaul also tweaked the form’s underlying aid formula, effectively eliminating a “sibling discount.”