FAFSA Updates 2024-25

April 3, 2024

Financial Aid Offer Letters are on the way!  If you have successfully completed and submitted your FAFSA, you can expect to receive your offer letter very soon!

Keep an eye on your inbox for your personalized award package, which includes details about need-based institutional grants, state grants, federal grants, and loans.

• If you have not yet completed your FAFSA, go to studentaid.gov to create your FSA ID and complete your FAFSA.  Make sure that your parent completes their portion and provides consent to share financial information to complete your application.  Be sure to sign before you submit your forms!
• If you have completed your FAFSA and need to make corrections, the Department of Education has stated that corrections will be possible by the middle of April.  Stay tuned for more information.
• If you are not sure of the status of your FAFSA, go to studentaid.gov and view your FAFSA dashboard to find out if your FAFSA has been processed or needs action on your part. 
• If you have successfully completed and submitted your FAFSA more than one week ago and have not received notice of your award offer, please contact us at onestop@mville.edu or (914)323-3194 so that we may assist you.

 

March 18, 2024

We appreciate your patience and understanding as we navigate the complexities of processing Financial Aid Award Letters in light of the Department of Education's recent release of FAFSA information.  We recognize the importance of these awards in your decision-making process, especially with Decision Day approaching on May 1.

Our Financial Aid team is diligently working through necessary software updates and comprehensive testing to ensure the accuracy and fairness of your financial aid packages.  This preparation is critical, and our goal is to begin distributing award letters during the first week of April.

Please understand that until your FAFSA is successfully processed in our system, we are unable to provide updates on the status of individual award letters.  This stage in the process is crucial for ensuring accuracy, and it's only upon successful processing that we're immediately able to generate and send out your award letter.  Therefore, we kindly ask for your patience during this period, as inquiring about individual status updates would not yield additional information.  Rest assured, you will be promptly notified by our Admissions Office as soon as your Financial Aid Award Letter is ready.

We understand the eagerness and anxiety that come with waiting for this crucial information.  Please know that we are committed to providing you with your financial aid details as swiftly and accurately as possible. Updates will continue to be posted to our FAFSA Updates webpage.  Your trust and patience during this time are greatly appreciated.

Thank you for your cooperation and continued trust in our process.

 

February 21, 2024

Attention Admitted Students! We're excited to announce the availability of our "Financial Aid Award Preview". Simply follow the link on your admissions portal to request your personalized preview. Explore your individual award estimates for need-based institutional grants, state grants, federal grants, and loans, and start planning your path forward with confidence!

Login to Your Admitted Student Portal

 

January 30, 2024

The US Department of Education announced that colleges and universities will begin receiving submitted FAFSA information in mid-March 2024.  We encourage all students to SUBMIT THE FAFSA NOW so you may be packaged for the upcoming year as soon as the Department of Education releases your submitted information to Manhattanville.

Learn More

 

January 12, 2024

The 2024–25 Free Application for Federal Student Aid (FAFSA^®) form is now available 24/7. You can complete the form to apply for financial aid to help pay for attendance at college between July 1, 2024, and June 30, 2025.  Applicants may experience pauses for site maintenance and technical updates as needed.

Apply now at studentaid.gov.

 

December 2023

Technically, "sometime in December." The Financial Aid office will provide updates as more information is made available. You may also sign up for federal updates. Or you may wait and file the FAFSA as soon after January 1, 2024, as possible. 

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April 10, 2024

2024-2025 FAFSA now due & Housing Selection action required!

If you have not yet completed your FAFSA, go to studentaid.gov to submit your form.  Our school code is 002760.  Keep in mind that processing may take up to 5 business days.  For dependent students, it’s essential that your parent completes their portion and provides consent to share their IRS tax return data.

If you have completed your FAFSA and need to make corrections, the Department of Education has stated that the ability to make corrections will be available by the middle of April.

If you are not sure of the status of your FAFSA, go to studentaid.gov and view your FAFSA dashboard to find out if your FAFSA has been processed or needs action on your part.

As part of the financial aid process, ALL RETURNING STUDENTS are now REQUIRED to indicate their housing status (on campus, off campus or with parent) in ServiceHub before their financial aid for 2024-2025 can be calculated.  Here are the steps to complete this process:

1. Log in to ServiceHub
2. Navigate to your Financial Aid Home page
3. Update the dropdown to 2024-25 Academic Year. If you don’t see this option, it means we haven’t received your FAFSA.
4. Select Your Housing Status in your Financial Aid Checklist: Select the housing status that will apply to you for the 2024-25 academic year.  This information is required for determining your financial aid awards.
5. Financial Aid Packaging: After registration, our financial aid office will begin packaging aid for those students whose 2024-2025 FAFSA has been received.

If you have any questions or need assistance, please reach out to our financial aid team at Onestop@Mville.edu.  Your prompt attention to these matters is greatly appreciated. We are committed to supporting you throughout the 2024-2025 academic year and beyond.

 

March 18, 2024

We appreciate your patience and understanding as we navigate the complexities of processing Financial Aid Award Letters in light of the Department of Education's recent release of FAFSA information.  We recognize the importance of these awards in your decision-making process, especially with Decision Day approaching on May 1.

Our Financial Aid team is diligently working through necessary software updates and comprehensive testing to ensure the accuracy and fairness of your financial aid packages.  This preparation is critical, and our goal is to begin distributing award letters during the first week of April.

Please understand that until your FAFSA is successfully processed in our system, we are unable to provide updates on the status of individual award letters.  This stage in the process is crucial for ensuring accuracy, and it's only upon successful processing that we're immediately able to generate and send out your award letter.  Therefore, we kindly ask for your patience during this period, as inquiring about individual status updates would not yield additional information.  Rest assured, you will be promptly notified by our Admissions Office as soon as your Financial Aid Award Letter is ready.

We understand the eagerness and anxiety that come with waiting for this crucial information.  Please know that we are committed to providing you with your financial aid details as swiftly and accurately as possible. Updates will continue to be posted to our FAFSA Updates webpage.  Your trust and patience during this time are greatly appreciated.

Thank you for your cooperation and continued trust in our process.

 

January 30, 2024

The US Department of Education announced that colleges and universities will begin receiving submitted FAFSA information in mid-March 2024.  We encourage all students to SUBMIT THE FAFSA NOW so you may be packaged for the upcoming year as soon as the Department of Education releases your submitted information to Manhattanville.

Learn More

 

January 12, 2024

The 2024–25 Free Application for Federal Student Aid (FAFSA^®) form is now available 24/7. You can complete the form to apply for financial aid to help pay for attendance at college between July 1, 2024, and June 30, 2025.  Applicants may experience pauses for site maintenance and technical updates as needed.

Apply now at studentaid.gov.

 

December 2023

Technically, "sometime in December." The Financial Aid office will provide updates as more information is made available. You may also sign up for federal updates. Or you may wait and file the FAFSA as soon after January 1, 2024, as possible. 

 

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The FAFSA will reduce the maximum number of questions from 108 to 46. And because the FAFSA on the Web is dynamic, some students won't even be presented with all 46 questions. This streamlined format will simplify the application process and make it less daunting for students and their families.

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Previously, users had the option to enter their tax information manually or use the IRS Data Retrieval Tool. Beginning with 2024-25, all persons on the FAFSA must provide consent for the Department of Education to receive tax information or confirmation of non-filing status directly from the IRS. In a very small number of cases, students and families will have to enter their tax data manually, but for most, that data will be automatically transferred into the application. This change makes it easier to complete the FAFSA and reduces the number of questions to be answered.

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A contributor—a new term being introduced on the 2024-25 FAFSA—refers to anyone who is required to provide information on a student's form (such as a parent/stepparent or spouse). A student's or parent's answers on the FAFSA will determine which contributors (if any) will be required to provide information.

Contributors will receive an email informing them that they've been identified as such, and will need to log in, using their own FSA ID, to provide the required information on the student's FAFSA.

Being a contributor does not mean they are financially responsible for the student's education costs, but it does mean the contributor must provide information on the FAFSA or the application will be incomplete, and the student will not be eligible for federal student aid.

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A notable terminology update within the new FAFSA is the replacement of the term Expected Family Contribution (EFC) with the Student Aid Index (SAI). This name more accurately describes the number used to determine aid eligibility and, unlike the EFC, the SAI may be a negative number down to -1500.

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Previously, the FAFSA calculated the number of household members attending college into the EFC, dividing it proportionately to determine federal aid eligibility. Beginning with the 2024-25 FAFSA, the application will still ask how many household members are in college, but your answer will not be calculated into the Student Aid Index. However, the FAFSA formula now allows for more income protection, which should offset this change. 

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Families making less than 175% and single parents making less than 225% of the federal poverty level will see their students receive a maximum Federal Pell Grant award. Minimum Pell Grants will be guaranteed to students from households below 275%, 325%, 350%, or 400% of the poverty level, depending on household structure. Pell awards between the maximum and minimum amounts will be determined by SAI.

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For dependent students, financial information was previously needed from the parent(s) the student had lived with the most in the last 12 months. With the new FAFSA, financial information will be required from the parent(s) who provided the most financial support to the student.

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Families must now report the value of their small business or family farm. If the family farm includes the principal place of residence, applicants should determine the total net value of all farm assets and subtract the net value of their principal residence to determine the final value of their farm assets.

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Student Aid Index (SAI): Calculated by FAFSA data and will determine student aid eligibility. This replaces the EFC that was used in previous years.

Cost of Attendance (COA): COA includes tuition and fees, food and housing, books and supplies (including course materials and equipment), miscellaneous expenses, and transportation.

Contributor: A parent, step-parent, student, or spouse of the student who is providing information to the FAFSA.

Consent: Required from all contributors in order for the IRS to share tax data directly to the FAFSA. If any contributor does not provide consent, the student will automatically be ineligible for aid.

Direct Data Exchange (DDX): Previously known as IRS Data Retrieval; this tool imports tax data directly from the IRS to your FAFSA.

FAFSA Submission Summary (FSS): A summary of your completed FAFSA information. This replaces the Student Aid Report (SAR) that was used in previous years.

 

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