Fafsa May Be Tricky This Year for College Students and Parents

"It is Fafsa time again, when parents and students fill out the required financial disclosure for college financial aid. For some parents, the economic environment—as well as various changes in the rules—makes it especially important that they understand the process this year," The Wall Street Journal reports. 

..."Families should also contact the aid office if a parent or parents collected unemployment due to the pandemic and filed their 2020 taxes before Congress changed the rules to allow them to keep some of that income out of their adjusted gross income. In these cases, families should ask their student’s school or prospective schools if their aid award can be adjusted favorably, says Karen McCarthy, vice president of public policy and federal relations at the National Association of Student Financial 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: 11/4/2021

View Desktop Version