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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 ...
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 Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid . [1] There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA.
The Free Application for Federal Student Aid, or FAFSA, form is the main gateway for students and their families to qualify for financial aid through the federal government.
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 new FAFSA will replace the Expected Family Contribution with a different formula called the Student Aid Index that will help determine the amount that each student can receive in financial aid.
The new problem adds further complications to the FAFSA (Free Application for Federal Student Aid) process this year, which has been marked with delays and glitches after a long-awaited, updated ...