"The U.S. Education Department is moving forward to carry out some parts of the FAFSA Simplification Act before unveiling a simplified Free Application for Federal Student Aid next fall," Inside Higher Ed reports.
... "Karen McCarthy, vice president for public policy and federal relations of the National Association of Student Financial Aid Administrators, said the timing of the change and release of guidance could disrupt when students receive their financial aid offers. 'The cost-of-attendance changes are so significant because of the timing, and the schools are already working on their budgets for next year now. It’s a long process at most institutions,' McCarthy said. 'The second thing is that the cost of attendance is so crucial in the whole financial aid offer picture. So, schools cannot really send out accurate finalized financial aid offers until the cost of attendance is all settled.'"
"NASFAA and other organizations have sounded the alarm about the pace of the department’s implementation of the FAFSA Simplification Act, citing the need for guidance and time for institutions to make the necessary changes. NASFAA, in particular, has sent a host of questions to the department about the simplification process and the plan for the next two years."
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Publication Date: 11/11/2022