2024-2025 FAFSA Facts:
The Department of Education has simplified the FAFSA application, making it easier for students to complete and expanding Pell Grant awards for undergraduates.
When will it be available?
The application will be available by December 31, 2023.
What’s new on the FAFSA?
See these 3 top changes from UMKC Financial aid:
1. Your parent or spouse will need their own StudentAid.gov login.
Spouses and parents who provide information in the FAFSA will be called contributors. They’ll also be required to create their own logins. If your parent or spouse will be a contributor, encourage them to create an ID now to ensure they’re able to fill out their portion of your FAFSA quickly.
2. The application will have fewer questions.
The updated FAFSA is much shorter and can pull information directly from your income tax return.
To pull from your income tax return, you’ll need to consent via your FSA ID. If you do not have an FSA ID, you can create one now so you’re ready when the FAFSA is available.
Other helpful information to gather includes:
- Legal Name
- Date of birth
- Social security number (if applicable)
- Mailing address
- Email address
- Note the UMKC FAFSA code: 002518
3. The new form uses different terminology.
The 2024-25 form has new terminology that may replace older terms you’re familiar with.
Notably, the Student Aid Index (SAI) will replace the term “Expected Family Contribution” (EFC). This term refers to a student’s approximate financial resources available to contribute to their education.
Remember, completing a FAFSA does not mean you have to take out loans. You’re eligible for Federal Pell and State grant money if you are an undergraduate student. If you’re a graduate or professional, don’t forget about work-study options. Plus, keep in mind that a lot of scholarships require a FAFSA to be on file. Complete the FAFSA before UMKC’s priority deadline of February 1, 2024.
What should I do next?
If you have more questions on how to complete the FAFSA, visit this site for a complete overview of the process. Ensure you and your contributors have an FSA ID login for studentaid.gov.
When the FAFSA is released by December 31, apply here.
2024-2025 Scholarships:
For Years 1 & 2 Medical Students in 2023-2024:
Students in these years of the program for the 2024-2025 school year are not eligible for additional School of Medicine scholarships.
All Students are eligible for any of the general UMKC competitive scholarships. Be sure to visit umkc.academicworks.com and complete the general UMKC application and any additional prompted applications you may be eligible for.
For Years 3-6, MD, PA, & AA Students in 2024-2025:
The School of Medicine is pleased to offer students in the MD, AA, PA, and BA/MD 3-6 programs the chance to be awarded a scholarship from the School of Medicine for the 2024-2025 academic year. Scholarships are each in the amount of $5000.
To apply visit umkc.academicworks.com and complete the UMKC General Application and the prompted School of Medicine Scholarship Application. You must complete both applications to be eligible. The deadline to apply is March 1, 2024.
Applications are reviewed and decisions are made in late Spring 2024.
If you have questions, please contact your Financial Wellness Counselor: Kristian Brennon at brennonk@umkc.edu.
Don’t forget to check out our list of external scholarships here and also on the SOM Financial Wellness Canvas!
►Events & Workshops:
You can RSVP for all SOM-sponsored events and additional Financial Wellness Center events on RooGroups.
