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The Big Questions About Scholarship Taxability

Scholarship America

Updated May 2023 Students who receive financial aid may have an unexpected bill to pay—a tax bill. While most scholarship awards are not taxed, there are a number or circumstances in which they can be, and many students and parents may not know the details. Do college students have to file tax returns?

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When Will the 2024-2025 FAFSA Be Available?

CFAA College Financial Aid Advisors

Updates to the FAFSA Have Delayed College Financial Aid for Millions The Free Application for Federal Student Aid (FAFSA) has undergone some major updates for the 2024-2025 application cycle. Unfortunately, many families and students are wondering exactly where the FAFSA is. Still Want More Help?

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2024-2025 FAFSA Changes: What You Need to Know for College Funding

CFAA College Financial Aid Advisors

many students and families are left wondering how financial aid distribution will work for the 2024-2025 school year. 2024-2025 FAFSA Updates For the 2024-2025 college application cycle, the FAFSA will be open to students and family by December 31, 2023. Still Want More Help? Find out more in our blog!

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Updates to the 2024-2025 FAFSA Will Help Maximize Your Financial Aid

CFAA College Financial Aid Advisors

As we wait, it seems like the perfect time to review changes to the 2024-2025 FAFSA that will help you maximize financial aid -and your time filling out the forms! As a reminder, the FAFSA gathers information about your financial needs so your student can be offered work-study, grants, and student loans.

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Changes to the 2024-2025 FAFSA Have Made Filing for College Money Easier

CFAA College Financial Aid Advisors

However, with the release of the 2024-2025 FAFSA, families, students, and financial aid offices alike are hopeful that the once complicated application will be easier to complete and process. The information collected also forms the basis for aid decisions made by state governments, colleges and some private scholarships.

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A Full List of College Admissions and Financial Aid Application Deadlines for High School Students

CFAA College Financial Aid Advisors

It is best to file as early as possible, which will be in December for the 2024-2025 application cycle. Scholarship Deadlines Some scholarships come from your college, and are awarded based on your FAFSA information. There are also private scholarships which can provide additional money for your education.

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3 Things to Know About Financial Aid for High School Juniors

CFAA College Financial Aid Advisors

The application for the 2025-2026 cycle should be online October 1, 2024. I encourage students to avoid being fully committed to any school until financial aid offers come in. Don’t forget to look for scholarships throughout the entire application process. Sometimes their dream school just isn’t feasible.