The Free Application for Federal Student Aid (FAFSA) Simplification Act is set to be implemented by Jan. 1, 2024, in time for the 2024-25 academic year. The Simplification Act includes a few key goals and requirements, including changing the financial aid eligibility formula from Expected Family Contribution to the new Student Aid Index. Because many state financial aid program eligibility requirements are tied directly to Pell Grant eligibility, SHEEO is working with its members to understand how changes made to the FAFSA could impact students in their state, including their own state financial aid.
SHEEO is also working directly with the U.S. Department of Education to communicate state needs and concerns around implementation and unintended consequences of the FAFSA Simplification Act.
SHEEO hosted an in-person FAFSA Simplification Convening in December 2023 for a small group of states to discuss financial aid best practices, FAFSA modeling, and to hear directly from Federal Student Aid.
SHEEO hosted a FAFSA Simplification webinar in March 2023 to share predictive modeling of how FAFSA simplification will affect specific subpopulations of students, both in regard to Pell grant eligibility/awards, and state financial aid eligibility. The North Carolina State Education Assistance Authority discussed how they are modeling and responding to FAFSA simplification in their state, with particular focus on their state student aid programs.
For recordings of the online webinars, please email email@example.com.
For inquiries about the FAFSA modeling tool, contact Rachel Burns at firstname.lastname@example.org. For additional questions about FAFSA Simplification and how SHEEO can help your state prepare for these upcoming changes, contact Dustin Weeden at email@example.com.