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Survey: FAFSA Delays Changed Composition of Fall 2024 Incoming Class

Diverse: Issues in Higher Education

The debacle surrounding the rollout of the new Free Application for Federal Student Aid (FAFSA) affected the incoming fall class at three-quarters of private, nonprofit colleges and universities across the nation. Nearly half (49%) of respondents reported that their fall 2024 class was “more difficult to fill” due to the FAFSA delays.

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Higher Ed Officials Express Uncertainty Amid Further FAFSA Delays

Diverse: Issues in Higher Education

Greg Nayor In what has been another delay, ED announced last week that schools and agencies involved in financial aid will receive Free Application for Federal Student Aid (FAFSA) information – which they use to determine student total financial aid offerings – until the first half of March. It really does shorten things up quite a bit."

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Wealth-Based Pell Grant Could Reduce Student Debt and Racial Wealth Inequality

Diverse: Issues in Higher Education

Their research supports the creation of a wealth-based Pell Grant to supplement the traditional Pell Grant, which offers financial support to students from low-income backgrounds. The policy incorporates information already collected in the FAFSA form, which is used to distribute Pell Grants.

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U.S. Department of Education Announces Updates for New FAFSA Implementation

Diverse: Issues in Higher Education

Department of Education (ED) has updated how it calculates the amount of aid students will receive to be in full alignment with the FAFSA Simplification Act. Cardona said the update, the latest in ED’s 2024–25 Better FAFSA ® implementation, will not impact implementation timelines. Since the new 2024–25 FAFSA form became available Dec.

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CUNY to Launch FAFSA Completion Assistance Initiative Amid Tumultuous Federal Rollout

Diverse: Issues in Higher Education

Amid ongoing issues with the new Free Application for Federal Student Aid (FAFSA) form this year, the City University of New York (CUNY) is looking to help. FAST will begin April 12 and continue until the end of this September, a CUNY spokesperson said in an email. I think there’s a lot of merit in that.”

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New Analysis Shows Boost in Aid Eligibility from FAFSA Simplification

Diverse: Issues in Higher Education

When the FAFSA Simplification Act begins to take effect this July, it’s expected to significantly affect the process of applying for financial aid, making the paperwork less complex and altering the formula for eligibility. Lower SAI numbers will lead to a greater number of students being eligible for Pell Grants. At least 7.8%

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Pell Grant Increase Will Help Low-Income Students, But More is Needed

Diverse: Issues in Higher Education

29, the new federal spending plan is set to increase the Pell Grant in 2023, allowing low-income students a chance to access up to $7,395 each year. Coupled with the $400 increase in the 2022 fiscal year, this is the largest two-year increase ever in the history of the grant. With President Biden’s signature on Dec. Federal Reserve. “On