President Barack Obama took executive action in 2015 to allow the use of prior-prior year (PPY) tax information on the Free Application for Federal Student Aid (FAFSA) – a move long called for by the National Association of Student Financial Aid Administrators (NASFAA) and others in the higher education community.
Using two-years prior tax information on the FAFSA (as opposed to one-year prior information) will increase the form’s accuracy and give families an earlier and more accurate idea of their anticipated financial aid and college costs.
The move to PPY is a victory for students and college-access advocates. Higher education institutions, policy groups, and lawmakers have long advocated for PPY and have urged the Obama administration to use its existing authority to implement this common-sense change.
For additional background information on NASFAA's efforts in this arena, as well as resources that will help guide your office through a successful transition to Early FAFSA and Prior-Prior Year, please visit the Prior-Prior Year Toolkit.