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A simplified form was released on December 31, 2023—nearly two months later than FAFSA's usual release. Notably, the Education Department didn't extend the deadline for completing the form.
The problem involves tax data transferred from the Internal Revenue Service and impacts “fewer than 20%” – or potentially about 1 million – of the FAFSA (Free Application for Federal ...
The FAFSA was only available to students for brief windows of time to start, and ED later allowed students to fill out the form between 8 a.m. and 8 p.m. most days. This period is when technical ...
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 ...
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]
While the new version of the financial aid form was supposed to simplify the process, it has instead been riddled with technical problems and considerable delays. The FAFSA 'Soft Launch' Was a ...
The original FAFSA form had 108 questions, which was a significant barrier for many low-income families seeking financial aid. [22] The questions were broadly seen as excessively detailed and unnecessarily complicated, with students being required to dedicate several hours to completing their application.
[13] [14] [15] SwiftStudent, a free service, provides template letters for college students. [13] [14] [15] Some well-to-do colleges have need-based aid of their own to distribute, in addition to federal and state aid (if any). These colleges require, in addition to the FAFSA, the CSS Profile financial form, which goes into greater detail. [16]
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