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The Office of Federal Student Aid (FSA) on Friday released a Dear Colleague Letter (DCL) outlining multiple changes in the 2024-25 award year due to FAFSA simplification, such as implementation of the Student Aid Index (SAI), and calculation of the federal Pell Grant, among other changes.
NASFAA today published its newly updated National Student Aid Profile: Overview of 2023 Federal Programs. As congressional appropriators deliberate on funding levels for critical federal student aid programs that serve as a financial lifeline for low-income students, the 2023 National Profile is a timely resource that NASFAA members can rely on to advocate for federal student aid funding. The document details the six prominent federal financial aid programs, outlines recent trends in federal appropriations for the Title IV programs, and provides updated data on the number of recipients, total volume of awards, and average aid amount for each program. Read the 2023 National Student Aid Profile, and remember to contact your representatives to share how cuts to these programs could impact your students.
No. The Student Aid Index (SAI) is not prorated for periods other than nine months, and there is no option for schools to choose to prorate in these circumstances. The parent and student contribution proration provisions previously included in Section 475(i) and (j) of the Higher Education Act of 1965, as amended, [20 USC 1087(i), (j)], have been removed from the statute. View the full answer to this question to learn more.