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How the Delayed Release of the FAFSA Will Impact College Funding

CFAA College Financial Aid Advisors

What We Know About the New FAFSA and Financial Aid Offers As a result of the FAFSA Simplification Act in 2020, the FAFSA has been updated to help millions of students and families maximize their financial aid for college. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

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Crunch Time for the FAFSA Rollout

College Planners of America

They then can send Award Letters to admittees with all pertinent financial aid information. This year, the ED’s revision of the FAFSA, as mandated by Congress in the FAFSA Simplification Act of 2020 (the Act ), has caused delay in the sending of ISIR’s to colleges, which in turn delays their ability to prepare Award Letters.

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Crunch Time for the FAFSA Rollout

College Planners of America

They then can send Award Letters to admittees with all pertinent financial aid information. This year, the ED’s revision of the FAFSA, as mandated by Congress in the FAFSA Simplification Act of 2020 (the Act ), has caused delay in the sending of ISIR’s to colleges, which in turn delays their ability to prepare Award Letters.

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FAFSA Delay Will Cause Problems 

College Planners of America

Three years ago, Congress enacted long-overdue reforms in the passage of the FAFSA Simplification Act of 2020, which substantially improves Federal student aid process. The FAFSA for the 2024-25 admission cycle is now scheduled to open in December 2023.

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The New FAFSA Continues to Vex Students

College Planners of America

Students with no social security number for themselves or a parent were denied. The FAFSA eligibility calculation did not account for inflation from 2020 to 2023, which was 18%, so many students were incorrectly considered ineligible. Students eligible for Pell Grants have been denied because they are dependents.

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The New FAFSA Continues to Vex Students

College Planners of America

Students with no social security number for themselves or a parent were denied. The FAFSA eligibility calculation did not account for inflation from 2020 to 2023, which was 18%, so many students were incorrectly considered ineligible. Students eligible for Pell Grants have been denied because they are dependents.

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