Why were these changes made?
• Expand Access Through Simpler Aid Application Process: • Low-Income and 1 st Generation students are 2-3 times more likely to report finding the FAFSA difficult to complete • Larger low Socioeconomic status (SES) quintile did not complete FAFSA in comparison to those in the middle three-fifths and the highest fifth of SES. • 34% of Hispanic and 27% of Black student did not complete the FAFSA because of lack of information or knowledge, in comparison to 18% of white students. • Pell Grant Predictability and Transparency: • No longer requiring a lot of demographic, income, and asset information to determine EFC. • New system: lowest income students will only provide demographic information; the rest is done behind the scenes to calculate Pell grant amount and SAI
• Program Integrity, Data Accuracy = Less Need for Verification • Income date comes directly from IRS, therefore, DOE will know it’s accurate. • Protects Taxpayers from fraud and abuse • Reduces the need in the verification process since IRS income will not required verifying.
Sources: https://www.insidehighered.com/admissions/article/2021/04/12/why-students-dont-fill- out-fafsa
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https://nces.ed.gov/pubs2018/2018061.pdf https://nces.ed.gov/pubs2018/2018061.pdf
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