The new FAFSA will be available in December 2023, will require each contributor to complete their own section, will require an FSA ID to be created ahead of time, will use new terminology, and more.

The FAFSA is getting an overhaul. Starting with the 2024-25 iteration, the primary application for college financial aid will have new questions, new rules, and new terminology. This is all thanks to the FAFSA Simplification Act, which aims to make the application simpler for the millions of students who submit it every year. Here's what you need to know about how the form is changing.