According to a Federal Register notice published today, the waiver of verification of most Free Application for Federal Student Aid/Institutional Student Information Record (FAFSA/ISIR) information currently in place for the 2021-22 award year will be repealed for 2022-23.
“Not extending these waivers for 2022-23 will have serious negative consequences for both students and schools. Low-income and vulnerable students have borne the brunt of this pandemic, and it shows in lower FAFSA completions and lower college enrollments. Adding back this burdensome verification process - which results in very few actual changes to aid offers - will make the college going process that much more difficult.
All of the reasons that ED cited for offering these waivers previously will continue to exist next year. While more nimble and agile than ever, financial aid offices cannot simply pivot every few months to operationalize new and different federal requirements. We call on the Department of Education to extend these waivers for the 2022-23 year before the 2022-23 FAFSA is made available in October.”
The National Association of Student Financial Aid Administrators (NASFAA) provides professional development for financial aid administrators; advocates for public policies that increase student access and success; serves as a forum on student financial aid issues; and is committed to diversity throughout all activities. NASFAA’s membership includes 22,000 student financial assistance professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S.
Publication Date: 8/31/2021