FAFSA Changes Are Coming But 52% of Colleges Aren't Prepared

1/18 Editor's Note:  Some changes to the FAFSA outlined in the article below will not be implimented until the 2024-25 academic year.  NASFAA has notified the article's author to update their article accordingly.

"The Free Application for Federal Student Aid (FAFSA) will see some key changes for the 2023-24 academic year, but more than half of higher education institutions in the U.S. say they are not ready for those changes, according to a new study from Oracle and the National Association of Student Financial Aid Administrators (NASFAA)," Fox News reports. 

"The new survey showed that 52% of higher education schools have not yet begun to prepare for the significant changes coming to FAFSA next year. But despite not being prepared, 68% of respondents said they are completely or at least fairly confident in their ability to navigate the change. 

'Following the passage of the Consolidated Appropriations Act, financial aid offices across the country are gearing up for significant federal methodology and FAFSA changes that will require adjustments to longstanding practices and processes,' said NASFAA President and CEO Justin Draeger. 'As this survey makes clear, there is both optimism and trepidation about our collective ability to make these changes in a way that facilitates a smooth transition for schools and students.'"

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: 1/6/2022

View Desktop Version