Office of Student Finance

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The process for applying for financial aid for the 2024-2025 academic year is underway. To be considered for financial aid each student must complete a financial aid application. 

• For U.S. citizens and Eligible Non-Citizens, please submit the Free Application for Federal Student Aid FAFSA. 

FAFSA Simplification

In 2020, the FAFSA Simplification Act was enacted into law as part of the Consolidated Appropriations Act of 2021. The FAFSA Simplification Act represents a significant overhaul of federal student aid, including the Free Application for Federal Student Aid (FAFSA) form, need analysis, and many policies and procedures for schools that participate in the Title IV programs. 

We will continue to update this webpage as we receive more information from the Department of Education. 

Changes to the 2024- 2025 FAFSA: 

• The number of questions on the FAFSA has decreased from over 100 to less than 50. 
• The EFC (Estimated Family Contribution) is now the Student Aid Index (SAI). 
• Students can list up to 20 schools on their FAFSA via the online application. 
• Applicants will be asked to report their sex, race, and ethnicity on the FAFSA itself, but students will be offered a choice of “Prefer Not to Answer”. Schools and states won’t see responses to these questions on the FAFSA. 
• The Data Retrieval Tool (DRT) has been renamed the Federal Taxpayer Information (FTI) 
• The Custodial Parent on your FAFSA will be the parent who provides you with the most financial support and will no longer be the parent with who you lived with the most over the past 12 months. 
• Students, spouses, parents, and stepparents will now need to provide their consent in the new Consent to Retrieve and Disclose Federal Tax Information section of the FAFSA for federal student aid eligibility. 
• This consent will allow the IRS to share FTI. 
• If any party to the FAFSA form does not provide consent, submission of the form will still be allowed. However, a Student Aid Index (SAI) will not be calculated. 

Changes to Calculating Your Aid Eligibility: 

Students and families will see a different measure of their ability to pay for college, and they will experience a change in the methodology used to determine aid. 

• The new need analysis formula: 
• removes the number of family members in college from the calculation 
• Implement separate eligibility determination criteria for the Federal Pell Grant. 
• Child support received will be included in assets and not as untaxed income. 
• Families who own a small business/farm that also serves as a primary residence will now have assets of that business/farm considered in their need analysis calculation.

Resources 

For additional information about FAFSA Simplification and the enhancements to the 2024-2025 FAFSA, please review the Department of Education webpages: 

• FAFSA Updates 
• FAFSA Videos 

International Students 

• For first-time undergraduate applicants, please file the International Financial Aid Application within your application portal at apply.yu.edu 
• For undergraduate Continuing International Students, please file our International Financial Aid Application 

The priority deadline for all undergraduate financial aid applications is February 1 for incoming students and April 15 for continuing students.

NY State Residents 

If you are a New York State resident who has filed a FAFSA, but has not completed a TAP application, please do so ASAP. 

Electronic Consent to Participate Form ∣ Office of Student Finance 

Federal law requires that the Office of Student Finance (OSF) obtain a student’s voluntary consent to participate in electronic transactions for all financial information provided or made available to student loan borrowers, and for all notices and authorizations to Federal Student Aid recipients required under 34 CFR 668.165. 

This consent will allow OSF to electronically communicate important financial aid information directly to you, which may include notices, disclosures, award letters, and directions to secure websites. Upon request, students are entitled to a paper copy of any of the information electronically communicated by OSF. To request a paper copy, or if you have any questions, please contact OSF.  If you do not complete the form below, we will assume you voluntarily consent to receive the electronic communications listed above.   

Please click HERE to complete Yeshiva University’s 2024-2025 electronic consent form. 

Office of Student Finance Code of Conduct 

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