Posts Tagged ‘income protection allowance’
FAFSA mistake will be fixed but data further delayed
The huge mistake on the new, redesigned FAFSA will be fixed, according to the Department of Education, but colleges won’t receive any student FAFSA information until sometime in March. The new FAFSA that launched at the end of 2023 has a calculation error that would have resulted in most families qualifying for less financial…
Read MoreFAFSA error means less financial aid for families
The new, redesigned FAFSA that will launch by the end of 2023 has a calculation error that will result in most families qualifying for less financial aid than lawmakers intended. The legislation that drove the FAFSA overhaul called for an increase to the amount of income that was shielded from the FAFSA calculation, otherwise…
Read MoreFinancial Aid Formula Changes
The FAFSA formula that determines how much financial aid a family will qualify for is undergoing two behind-the-scenes financial aid formula changes for the 2023-24 school year. These changes are in addition to the massive changes happening for the 2024-25 school year for families with multiple children in college, grandparents, etc. First, the good…
Read More