{"id":5392,"date":"2021-10-10T17:31:50","date_gmt":"2021-10-10T17:31:50","guid":{"rendered":"https:\/\/frischfinancial.com\/staging\/?p=5392"},"modified":"2021-10-10T17:31:50","modified_gmt":"2021-10-10T17:31:50","slug":"important-changes-to-the-fafsa","status":"publish","type":"post","link":"https:\/\/frischfinancial.com\/staging\/important-changes-to-the-fafsa\/","title":{"rendered":"Important Changes to the FAFSA"},"content":{"rendered":"

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New Rules: What will go into effect this year?<\/p>\n

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If you are the parent of a prospective or current college student, completing the FAFSA form should be a high priority task on your October to-do list.\u00a0 The Free Application for Federal Student Aid (FAFSA) must be submitted for students to qualify for college financial aid and for some scholarships. Whether your child is a high school senior preparing to enter college after graduation, or a currently enrolled college student who will return next year, filing this application in a timely manner is important.\u00a0<\/p>\n

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The FAFSA is a free online application that opens on October 1st<\/sup> of the year prior to entering (or continuing) college.\u00a0 Using 2020 tax information, students and parents complete the FAFSA for the 2022-2023 year of college.\u00a0 This is used to calculate a student\u2019s access to financial aid and is also used by many schools to determine eligibility for certain scholarships and work study.\u00a0 You should make every effort to complete it as soon as possible<\/span><\/strong> as several schools determine aid on a first-come, first-served basis and deadlines can vary.<\/p>\n

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Change is Coming \u2013 But Not Quite Yet<\/strong><\/h2>\n

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At the end of 2020, Congress signed the Consolidated Appropriations Act of 2021 which included changes to the FAFSA.\u00a0 These changes will be phased in over the next few years.\u00a0 The new rules will eventually simplify the application process, but aside from a visual refresh, this year\u2019s FAFSA will be similar to the form from previous years.\u00a0<\/p>\n

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There are two changes of note that go into effect with this year\u2019s application<\/a>.<\/p>\n

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