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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 ...
Due to issues this year, FAFSA completion is down over 10% from the previous year — or over 232,600 fewer students finished the form compared to last year, according to data from NCAN.
At the time of year when many students make their final college decisions, federal education officials are trying to get more families to apply for federal financial aid — a task typically ...
According to federal student aid data, FAFSA submissions for the class of 2024 are down this year. In Corpus Christi ISD, less FAFSA applications have been submitted this year compared to the same ...
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 attending a college, the student has a financial need (as the term is used in the U.S. financial aid system).
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
Section 134 of the Revenue Act of 1978 gave tax-favorable treatment to flexible spending accounts for medical expenses. [ 38 ] [ 39 ] In 1984, the Internal Revenue Service issued a ruling that, while flexible spending accounts were allowable, employees must elect a certain amount for the plan each year and that any unused amounts would be ...
The share of high school seniors who have submitted the Free Application for Federal Student Aid, or FAFSA, is down significantly this year, raising concerns that some low-income students won’t ...