The Free Application for Federal Student Aid (FAFSA) Simplification Act was passed by Congress in 2020. This act broadens the pool of students eligible for federal aid and it also streamlines the application process for students and their families.
FAFSA is your application for financial aid and it determines your eligibility for need-based grants, loans, and work-study. It updates every year, but the 2024-2025 FAFSA holds the most significant changes in several years.