NASFAA and NCAN Suggestions Questions that May Need to be Asked - - PowerPoint PPT Presentation

Agenda

• Purpose of FAFSA Simplification
• Unexpected Implementation Issues
• NASFAA and NCAN Suggestions
• Questions that May Need to be Asked
• Benefits and Challenges of PPY
• Discussion – What’s Going On

Purpose of FAFSA Simplification

Recognition for students already

determined to be needy.

Remove unnecessary questions that are not

related to determination of need.

Simplify the process for parents and

students.

Unexpected Implementation Issues

Postsecondary institutions only receive

student/parent data but not other institutions receiving the data.

State Agency Data Modifications

• School listings
• School order listings
• States that changed deadlines
• Impact for students, institutions, and state

budgets

Early FAFSA and Prior-Prior Year in States

• Impact on student filers
• First-come, first-served states
• Will PPY cost more?

National College Access Network Streamline Suggestions

• Those receiving support from means-tested benefit

program.

• Families who file taxes but do not utilize schedules.
• Families who file taxes with tax schedules.
• Estimated costs.

NASFAA Simplification Suggestions

• Means-tested benefit: SNAP and SSI only
• Simple Form Tax Filers: No schedules
• Tax Filers with Schedules

All asset questions Expand the DRT information that could be pulled in Disallow negative income

Questions that May Need to be Asked

• Is income (AGI) a true indicator of need
• Negative income could mean you have income
• How do tax schedules convey wealth or need
• Is FAFSA simplification fair to all
• What about the middle

Questions that May Need to be Asked

• Is completing a FAFSA really complicated?
• Can DRT be mandated?
• Is Verification fair to all?
• What other processes will be challenging?

Benefits of PPY

• Prospective students would receive awards

earlier

• More time to make tuition payment

arrangements

• More time to make enrollment decisions

Challenges of PPY

• Institutional timelines
• FAFSA completion initiatives
• Increase in students with need may mean

additional support programing needed on campuses.

The Only Constant in Financial Aid is Change!

Questions and Discussion

Ron Gambill Edsouth rgambill@edsouth.org Karen Hauser Vanderbilt University k.hauser@Vanderbilt.edu