"The notoriously complicated and frustrating federal student loan application, also known as FAFSA (for Free Application for Federal Student Aid), has recently undergone a simplification transformation," Kiplinger's Personal Finance reports.

..."As a result, students and their families now have less time between applying, finding out what they’re eligible for and deciding on a school.

'Any significant delays in delivering applicant data to schools would fall short of the spirit of the law, leaving the most vulnerable student populations in limbo as they wait for the financial aid information they need to make vital college-going decisions,' Justin Draeger, president of the National Association of Student Financial Aid Administrators, said in the report. 

The updated guidelines could also mean those with higher incomes may not be eligible to receive as much aid as they have been in years past."

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: 11/20/2023