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5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

The maximum Pell Grant award has increased, and more students will qualify for this need-based aid. This is especially beneficial for low-income students who rely heavily on Pell Grants to fund their education. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

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How to Close the Gap Between Financial Aid Offers and the Cost of College

CFAA College Financial Aid Advisors

If that happens to your family, here’s a few ideas of how to find money to pay for college after financial aid: Contact the Financial Aid Office(s): If there is a school that particularly appeals to your student, you can contact the financial aid office and ask if there are any other options for receiving more financial aid.

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Crunch Time for the FAFSA Rollout

College Planners of America

On January 30, the day before it was scheduled to start transmitting ISIR’s to colleges, the ED announced that most ISIR’s wouldn’t go out until mid-March. The ED needed time to change its aid formula to account for inflation, which was required under the Act but which hadn’t been included in the project. Department of Education.

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Crunch Time for the FAFSA Rollout

College Planners of America

On January 30, the day before it was scheduled to start transmitting ISIR’s to colleges, the ED announced that most ISIR’s wouldn’t go out until mid-March. The ED needed time to change its aid formula to account for inflation, which was required under the Act but which hadn’t been included in the project. Department of Education.

FAFSA 52
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FAFSA Delay Will Cause Problems 

College Planners of America

The FAFSA for the 2024-25 admission cycle is now scheduled to open in December 2023. This will adversely affect the college plans of students planning to apply in the 2023-24 admissions cycle as well as students who need to re-apply for Federal aid each year.

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The New FAFSA Continues to Vex Students

College Planners of America

This omnibus bill included the most significant revision to Federal student financial aid since 1992; the FAFSA Simplification Act of 2020 (the Act ). This was not budgeted or scheduled. ED management was behind on the schedule set by Congress and were anxious to launch the new FAFSA.

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The New FAFSA Continues to Vex Students

College Planners of America

This omnibus bill included the most significant revision to Federal student financial aid since 1992; the FAFSA Simplification Act of 2020 (the Act ). This was not budgeted or scheduled. ED management was behind on the schedule set by Congress and were anxious to launch the new FAFSA.

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