Obtaining federal funds for colleges is about to get easier as the government implemented new changes to the requirements.

There are approximately five major changes to FAFSA requirements and eligibility for Pell Grants.

These changes will simplify application forms for students and college and university financial aid offices.

Under the new rules, the expected family contribution has been renamed the student aid index.

This will allow eligible students to have a negative index and to pay or receive funding that reflects their financial need.

While these changes will likely come into effect in the 2024-2025 school year, others, such as a student’s criminal past and selective enrollment in the service for male students, will no longer be a barrier. from this year.

Lindsey Benson, deputy director of the Financial Aid Office at Minot State University, welcomes the changes.

“What this also means is that more students will be available for the federal Pell grant,” Benson said, as family size will be used alongside the “poverty guideline to determine the grant. federal pell “.

Benson said the changes would cause fewer barriers for students when applying for federal loans.

Meanwhile, eligibility for Pell grants has been broadened to cover those incarcerated in prison education programs.

This will be the first time that inmates have received the grant since 1994.

These changes, among others, were taken into account in the 2021 appropriation bill that funded the government until September 2021.

Students and parents can find more information about the changes here.


Source link

Previous

Federal Reserve slows down asset purchase program - The Concordian

Next

Jerome Powell and the Federal Reserve Board - OpEd - Eurasia Review

Check Also