"College affordability advocates had mixed reviews for the Biden administration after it adjusted the income formula for the new Free Application for Federal Student Aid, or FAFSA, to account for inflation," USA Today reports.

... "Justin Draeger, president of the National Association of Student Financial Aid Administrators, said in a statement that schools were promised FAFSA application data by the end of January. Yet with less than a week to go, the department has thrown the timeline into further uncertainty."

"'Adjusting these inflationary numbers is the right thing to do, and should have been done from the beginning,' he said. 'Unfortunately, because the Department is making these updates so late in the financial aid processing cycle, students will now pay the price in the form of additional delays in financial aid offers and compressed decision-making timelines.'"

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: 1/24/2024