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The rollout of the so-called "Simplified FAFSA" has been anything but "simple." ... January 2024 — FAFSA Formula Needs Reworking. Not long after the official launch, ED discovered a significant ...
Simplified Needs Test: Families meeting the above requirements except for having income between $26,000 and $50,000 are eligible for the Simplified Needs Test, in which assets are not used in the calculation. Independent students without dependents other than a spouse are not eligible for the Automatic Zero or Simplified Needs. [6]
The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...
In fact, it’s easier than ever now, as the FAFSA application has been streamlined and simplified in recent years. Some applicants now may only need to complete about 18 questions compared to ...
The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its
To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of ...
The federal financial aid form looks different in the 2024-25 school year. Here's what college students and parents need to know about the new FAFSA.
Most federal aid is need-based. The three most common types of aid are grants, loans, and work-study funds. Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status.