New FAFSA timeline could cause major changes in admissions While customer attention is largely dedicated to such headline-grabbing college prologue issues like new medical tests, new ranking reports, brand-new applications and also proliferation with portfolio development tools, the very Department involving Education may be quietly doing changes in the No cost Application to get Federal Student Aid(FAFSA) thanks to be carried out just after the school starts following fall. In short, FAFAS is usually backing up the particular timeline pertaining to filing fed aid computer software by 90 days to support an innovative policy allowing students to apply ‘prior-prior’ 12 months (PPY) levy data to qualify for help. In other words, an increased school person planning to take college in fall 2017 will report FAFSA using tax info from 2015— the prior earlier year. PPY is reserved to debut in Oct 2016, intended for applications for those 2017-18 merit year. Therefore the high the school class with 2017 stands out as the first set to use the main PPY FAFSA. It also implies that colleges, and also the Department regarding Education plus the Internal Revenue Service, will be scrambling to comprehend what affect this transformation will have in basic application mechanics and also on the overall programs cycle. Produce no miscalculation. The use of PPY is a pleasant new insurance policy supported by the many major financial aid players like AACRAO, NACAC, NASFAA, NASSGAP, and the University Board, that is certainly realigning CSS PROFILE requirementsto use PPY. In addition , a variety of colleges have announced promises to make similar changes in institutional financial aid use for the 2017-18 year, such as University connected with California method and others. As per the National Association of College student Financial Aid Managers (NASFAA), the move to PPY wi […]