FAFSA Overhaul Could Raise Costs For Some Students
View Source | April 24, 2023 10:22 am
- The Free Application for Federal Student Aid (FAFSA) makeover aimed at streamlining the application process and altering the formula for eligibility, could also mean that some families may be facing extra costs, according to two recent reports.
- The FAFSA simplification act overhauls the application process for student aid.
- Changes to the financial aid eligibility formula from Expected Family Contribution (EFC) to the new Student Aid Index (SAI) and a more streamlined form that reduces application questions to roughly 40 questions, down from 100, are among the many updates families can expect.
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