Federal Aid

Complete Your 2024–2025 FAFSA Today!

With the enactment of the FAFSA Simplification Act on December 27, 2020, the Free Application for Federal Student Aid (FAFSA) has undergone several substantial changes set to take effect for the 2024–2025 aid year.

2024-25 FAFSA Checklist

Key Information for Applicants:

  • Application Receipt Confirmation: Colleges will only be able to confirm the receipt of FAFSA applications for the 2024–25 academic year once they have been processed and forwarded by the Department of Education.
  • Corrections to FAFSA Applications: It is important to note that any modifications to your FAFSA application will need to wait until after it has been processed. We encourage applicants to review their FAFSA Submission Summary (FSS) carefully upon receipt for any necessary corrections.
  • Support and Assistance: Our admissions and financial aid teams are on standby to offer guidance and support throughout this process. We understand the importance of your FAFSA application and are committed to assisting you every step of the way.


What’s changing with the FAFSA?

There are a number of benefits of the FAFSA simplification act, including a more streamlined application process and a better user experience for the FAFSA, expanded eligibility for federal student aid, and reduced barriers for certain student populations (e.g., homeless and unaccompanied youth, incarcerated students, English language learners, and students from low-income backgrounds).

Some fundamental changes include, but are not limited to:

What isn’t changing?

  • General types of federal aid and student loan limits remain the same.
  • Annual FAFSA submission is still required for federal aid consideration.
  • Dependency status questions that determine if your parent(s) must complete the FAFSA will remain the same.
  • Deadlines for submitting the FAFSA form each year will not change.
  • Tax information will still be requested from the prior-prior year. This means you will report your 2022 income and assets on your 2024–25 application.
  • Questions regarding an applicant’s sex, race, and ethnicity continue to be for statistical purposes and data collection only, with no impact on federal student aid eligibility. The school will not receive this data from the FAFSA.

Estimate Your Federal Student Aid Eligibility 

Federal Financial Aid Programs:


Due to the significant amount of changes that are occurring, portions of our website may not yet be 100% accurate for the 2024-2025 academic year. We’ll continue to update this page as we receive more information from the Department of Education and Federal Student Aid, and appreciate your patience as we work to implement the changes brought by the FAFSA Simplification Act.

Please contact the Office of Student Financial Planning at financialplanning@mercer.edu for any inquiries or further clarification.

Direct Loan Counseling

Entrance Counseling

You must complete your entrance counseling before you receive funds from the Federal Direct Student Loan Program.   Entrance Counseling covers important information regarding your loan obligations.  The information includes your repayment schedule, disclosure, your borrower rights and responsibilities, and your personal information form.  Entrance counseling can be completed online at studentaid.gov.

Exit Counseling

If you are a Federal Loan recipient when you leave, withdraw, or graduate from Mercer, you will receive instructions for completing Loan Exit Counseling that covers important information regarding your loan obligations. This information includes your repayment schedule, disclosure, your borrower rights and responsibilities, and your personal and confidential information form. Exit Counseling can be completed online at studentaid.gov.