While the pandemic has taken its toll on everyone, one silver lining is the changes to core Financial Aid submission. According to a recent article in Forbes by Mark Kantrowitz, the FAFSA will be undergoing massive changes in response to the COVID-19 relief bill. According to the FAFSA Simplification Act, financial aid determination will be adapted from both the federal and institutional levels.
However, these changes will not be coming in the near term, but rather will affect the Freshman class of 2023—current high school Sophomores. It will of course have an impact on the earlier classes as Financial Aid is required to be submitted and reviewed each year prior to a student’s college year.