What to Know About the New FAFSA

"After a three-month delay from its usual release date, the new and allegedly improved FAFSA (or Free Application for Federal Student Aid) is finally slated to launch by Dec. 31, 2023," The Week reports.

..."There will no longer be a sibling discount. According to The New York Times, the new FAFSA 'eliminated what was effectively a discount for families with multiple children in college.' For families with multiple college students, 'the change in aid eligibility" could be "substantial,' per the Times. That said, the FAFSA 'still asks a question about the number of family members in college,' which colleges can then take into consideration, Karen McCarthy, vice president of public policy and federal relations with the National Association of Student Financial Aid Administrators, told the Times."

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: 12/8/2023

View Desktop Version