2. Non-Contributing Parent On the 2024-2025 FAFSA, the non-contributing parent is not required to input their financial information. If both parents submit a FAFSA application and it is not ...

Parent assets make up a maximum of 5.64% of the FAFSA formula, compared to 20% for student assets, according to Kortiak Mert. The sooner you start saving for college, the better, she adds.

Here are five common myths filers should know about parent information on the FAFSA. Myth 1: My Parents' Income Is Too High Of undergraduate families who earned $150,000 or more, 63% chose not to ...

A FAFSA contributor is someone who must submit their information to a student’s financial aid application, like a parent or spouse. The term was introduced on the simplified 2024-25 FAFSA.

In the financial aid formulas, parent assets are penalized at about five cents on the dollar, while student assets are penalized about between 20 and 25 cents on the dollar.

The Free Application for Federal Student Aid, or FAFSA, is now available to all users and running smoothly, the U.S. Department of Education announced on Thursday. You may keep your fingers ...

Discover the FAFSA requirements for 2024-2025, including eligibility and financial guidelines, essential documents, and tips on avoiding common mistakes.

The 2025-26 FAFSA form is available now. Anyone who's required to provide information on the form, whether it's the student, their parent or spouse, will need to create a StudentAid.gov account.

If you've already submitted your FAFSA form, the Department of Education says it will process your online application within one to three days (paper form submissions take longer).

The 2025-26 FAFSA opened on Nov. 18 after two months of beta testing. The process is smooth, and students should submit their forms ASAP to get the most financial aid possible.