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New FAFSA timeline could result in major within admissions
While patient attention has long been largely centered on such headline-grabbing college prologue issues as new tests, new ranking reports, different applications and then the proliferation associated with portfolio progression tools, often the Department for Education continues to be quietly taking care of changes in the Zero cost Application intended for Federal Student Aid(FAFSA) due to be applied just after the school starts subsequent fall.
Simply speaking, FAFAS is certainly backing up the particular timeline regarding filing government aid purposes by 11 weeks to support an innovative policy granting students to apply ‘prior-prior’ year or so (PPY) tax data to qualify for help. In other words, an increased school person planning to subscribe to college inside fall 2017 will report FAFSA making use of tax information and facts from 2015— the prior previous year.
PPY is timetabled to iniciación in Oct 2016, just for applications for that 2017-18 give year. Which means that the high the school class about 2017 may be the first party to use typically the PPY FAFSA. It also means that colleges, combined with Department involving Education along with the Internal Revenue Service, will be scrambling to comprehend what influence this transformation will have on basic approval mechanics as well as the overall entrée cycle.
Help to make no miscalculation. The use of PPY is a pleasant new insurance coverage supported by all the major financing players including AACRAO, NACAC, NASFAA, NASSGAP, and the School Board, that is certainly realigning CSS PROFILE requirementsto use PPY. In addition , numerous colleges have previously announced obligations to make related changes in institutional financial aid use for the 2017-18 year, for example the University with California method and others.
According (more…)