Ron’s Inside Info on the SAI Formula & 2024-2025 FAFSA

Ron’s Inside Info on the SAI Formula & 2024-2025 FAFSA

An Important Update from Ron Them Hello everyone. As someone with close contacts in the college academic world, I aim to keep all my advisors informed about the latest developments, particularly regarding the new Student Aid Index (SAI) formula and the 2024-2025 FAFSA. The Department of Education (DOE) has kept details about the FAFSA launch largely under wraps. However, insider information suggests that the new FAFSA won’t be public until January 1st. More intriguingly, unlike in past years,....

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SIMPLIFIED 2024-25 FAFSA READY FOR FAMILIES ON DECEMBER 31, 2023

SIMPLIFIED 2024-25 FAFSA READY FOR FAMILIES ON DECEMBER 31, 2023

Today, the U.S. Department of Education (Department) released new details on the redesigned and streamlined Free Application for Federal Student Aid (FAFSA®) form. The new FAFSA will make it easier than ever for students to get financial aid for college and help 610,000 more students from low-income backgrounds receive Pell Grants. In total, it will allow 1.5 million more students access to the maximum Pell Grant award, bringing the total number of students eligible for the maximum Pell G....

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NEW FAFSA CHANGES FOR THE SCHOOL YEAR 2024-2025

NEW FAFSA CHANGES FOR THE SCHOOL YEAR 2024-2025

The Free Application for Federal Student Aid (FAFSA) is set to undergo significant revisions. Certified College Funding Specialists and families need to be informed about these impending changes. Congress passed the FAFSA Simplification Act as part of the 2021 pandemic relief appropriations bill, slated to take effect in the 2024-2025 school year. The goal is to simplify the federal student aid application process, marking a major overhaul of the systems and processes currently in place. This a....

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GOOD NEWS FOR STUDENT LOAN BORROWERS: IMPORTANT CHANGES JUST ANNOUNCED TO THE INCOME-DRIVEN REPAYMENT AND PUBLIC SERVICE LOAN FORGIVENESS PROGRAMS - YOU CAN SAVE YOUR CLIENTS THOUSANDS

GOOD NEWS FOR STUDENT LOAN BORROWERS: IMPORTANT CHANGES JUST ANNOUNCED TO THE INCOME-DRIVEN REPAYMENT AND PUBLIC SERVICE LOAN FORGIVENESS PROGRAMS - YOU CAN SAVE YOUR CLIENTS THOUSANDS

Department of Education Announces Actions to Fix Longstanding Failures in the Student Loan Programs I'm excited to share some crucial information that can greatly benefit your clients. The U.S. Department of Education (ED) has announced payment count adjustments for Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF) programs. This means that over 3.6 million Direct Loan Program borrowers will receive at least three years of credit towards loan forgiveness, and many will ha....

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