"Significant changes are coming to the Fafsa—the Free Application for Federal Student Aid—for the 2024-25 academic year," The Wall Street Journal reports.

..."The new Fafsa will still ask about how many students a family has in college, but because of legislative changes, a family’s ability to pay isn’t divided per child. This means that each student might be responsible for more tuition, depending on the family’s income. The disappearing sibling discount for federal aid has caused some angst, especially for middle- and higher-income families with more than one child in college at the same time. However, institutions will receive the data and may choose to use it for their own aid purposes, says Karen McCarthy, vice president for public policy and federal relations at the National Association of Student Financial Aid Administrators, a professional association for aid administrators."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 8/31/2023