2024 2024 Fafsa Application Tax Year. Schools use the fafsa form and the information on it to determine your child’s eligibility and award aid. Completing the free application for federal student aid (fafsa ®) form is necessary for students to be eligible to receive federal student aid.

How federal aid eligibility is determined and, by default, what is asked on the fafsa are set by congress. Listen to story nirmala sitharaman to present first budget of modi 3.0 govt focus on income tax relief, possible tax slab.