FAFSA Will Adjust for Inflation, Potentially Delaying Financial Aid Offers

"College students may soon qualify for more financial aid thanks to an incoming fix to the Free Application for Federal Student Aid (FAFSA)," Best Colleges reports.

... "Many celebrated the news of the inflationary fix, but some advocates are worried about how ED plans to implement the change. According to a statement from the National Association of Student Financial Aid Administrators (NASFAA), it's still unclear when and how ED plans to make its adjustment."

"'Adjusting these inflationary numbers is the right thing to do, and should have been done from the beginning,' NASFAA President Justin Draeger said in a statement."

"'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.'"

"'Students and families need the complete picture of what college will cost them — and financial aid offices will be doing everything they can to ensure students have the information they need as soon as possible to make informed college-going decisions,' Draeger said."

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: 1/25/2024

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