The top 2 concerns for colleges as they assess pending FAFSA changes
Chris Burt
December 1, 2021
Only about half of administrators have gotten a jumpstart on key updates being made to financial aid.
With changes not coming to the Free Application for Federal Student Aid (FAFSA) and Federal Methodology until the 2024-25 award year, it is not surprising that only half of all institutions have started prepping for it. Nor is it a shock that administrators expect there to be bumps in dealing with the Department of Education.
However, it is noteworthy that 75% of those leaders surveyed by the National Association of Student Financial Aid Administrators (NASFAA) and Oracle say they expect to be challenged by the shift from the Estimated Family Contribution to the Student Aid Index. Nearly two-thirds believe Pell grant factors may present obstacles.
Despite the passage of the Consolidated Appropriations Act last year, Pell Grant award amount maximums are still being kicked around by Congress as political leaders look to cement the final details of the $1.7 trillion social spending plan.
