The Free Application for Federal Student Aid (FAFSA) for the 2024-2025 academic year opened on October 1, 2023. However, FAFSA itself does not disburse funds; rather, it is used to determine eligibility for various types of financial aid, including federal grants, work-study, and loans.
Disbursement of financial aid typically occurs at the beginning of the fall semester, which is usually in August or September 2024 for most colleges and universities. Each institution has its own schedule for disbursing aid, so it is important to check with the financial aid office of the specific school you plan to attend for exact dates and procedures regarding when aid will be disbursed.
