"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)."

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: 2/2/2021