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The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...
The Federal Student Aid office announced 200,000 FAFSA applicants received incorrect financial aid packages that need to be recalculated and resubmitted to college financial aid offices.
The FAFSA has long been due for an update, and the new version released at the end of last year is a culmination of changes approved by Congress in 2019 and 2020. In previous years, the FAFSA ...
Many schools and states use the FAFSA to determine student aid. The Free Application for Federal Student Aid, commonly known as the FAFSA, is a form that determines student aid eligibility for ...
Making a mistake on the FAFSA or submitting the application late can result in processing delays or limit the amount of aid awarded to a student.
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 ...
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