NASFAA Mention: FAFSA Application Changes Are Coming – What They Mean for Middle- and High-Income Families

"College students and their parents should mark their calendar because July 1, 2023, will be a big day. It’s the day that many new financial aid rules go into effect thanks to a funding bill signed into law at the end of December to avoid a government shutdown and provide pandemic relief," Kiplinger's Personal Finance reports.

..."The name change does nothing more than acknowledge that the term doesn't properly characterize what it is —that it is an eligibility index for distributing funds, not a reflection of what a family can or will pay for college expenses, according to the National Association of Student Financial Aid Administrators (NASFAA)."

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Publication Date: 2/2/2021

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