By Catherine Mueller While several steps have been taken to simplify the FAFSA, students and parents often still have questions about calculating the value of assets. To help students and parents understand and be prepared to answer the asset questions, here are some things to know: To determine the value of an investment, the student or […]
Things to know when calculating assets for the 2026-27 FAFSA Read More »
By Marlene Seeklander Students completing the FAFSA now have additional information when deciding which college they may want to attend. In a December 8 Electronic Announcement, the Department of Education announced the implementation of a new lower earnings indicator as part of the FAFSA. This indicator—effective December 7, 2025, and only applicable to first-year undergraduate students—provides
Students completing the FAFSA to be notified about colleges with lower earnings Read More »
By Marlene Seeklander FAFSA users who previously encountered an issue when attempting to report their address within the U.S. territories, including Puerto Rico, should no longer encounter an issue. In a December 4 Electronic Announcement, the Department of Education announced that on December 7 an update to adjust some users’ state and country code information was
By Marlene Seeklander Financial aid professionals can now plan for the upcoming FAFSA verification season with the latest guidance from the Department of Education. In a November 26 Dear Colleague Letter, the Department of Education details the changes in verification for 2026-27 and provides suggested text for schools to use in requesting additional documentation from students.
2026-2027 FAFSA information to be verified and acceptable documentation Read More »
By Marlene Seeklander Colleges and state agencies which receive student FAFSA data can now better prepare for the 2026-27 academic year with some updated test records. In a recent update to an earlier Electronic Announcement, the Department of Education announced that it has published an additional set of system-generated 2026-27 ISIRs. These ISIRs include updates to
Department provides new student data test files with Budget Reconciliation changes Read More »
By Catherine Mueller The FAFSA Submission Summary may be the unsung hero of the financial aid process. The FAFSA Submission Summary doesn’t get as much attention as the FAFSA application or as the financial aid offer, but it’s an important part of the process and may help a student find a college that’s a good financial
The importance of a FAFSA Submission Summary Read More »
By Marlene Seeklander The Federal School Code List – a key component of the FAFSA – has been updated by the Department of Education for 2026-27. The Department announced the availability of the 2026–27 Federal School Code (FSC) List of Participating Schools. Students enter these codes on the FAFSA in order for the postsecondary schools to
2026-27 Federal School Code List of Participating Schools Read More »
By Marlene Seeklander What exactly is the Student Aid Index (SAI) calculated by the FAFSA? While the SAI isn’t a new concept – it replaced the Expected Family Contribution (EFC) starting with the 2024-25 FAFSA – it may cause some confusion for students and families. The SAI, based on a range from –1500 to 999999, is
Student Aid Index – A deeper dive Read More »
By Marlene Seeklander Creating a StudentAid.gov account or FSA ID shouldn’t be an obstacle for students and contributors when completing the FAFSA. The FSA ID is a “key first step” to completing the FAFSA, and Federal Student Aid (FSA) has made updates over the past few years to make the process easier. Aaron Lemon-Strauss, Executive Director
Upcoming changes to the FSA ID account process Read More »
By Catherine Mueller Despite the government shutdown, students and parents can complete the FAFSA and financial aid will be processed on the regular schedule according to the U.S. Department of Education. The Department announced on October 1 that despite the lapse in appropriations to fund the federal government, there will be minimal impact on students, borrowers,
Students and parents can complete FAFSA during federal shutdown Read More »
