The new Free Application for Federal Student Aid (FAFSA) has been launched online with improved changes. It aims to simplify the application process, making it easier for a larger pool of students to access financial assistance with altered eligibility. A couple changes include reduced number of questions, more data directly uploaded, adjustments to eligibility criteria and the transition to the Student Aid Index, potentially expanding Pell Grant eligibility for millions of students, ending the ban for incarcerated students. The application deadline for the 2024-25 academic year is June 30, 2025.