The Free Utility for Federal Scholar Help (FAFSA) is a type utilized by U.S. residents and everlasting residents to use for monetary assist for faculty or graduate faculty. It determines eligibility for federal grants, loans, and work-study packages. The finished type supplies details about the scholars and their household’s monetary state of affairs, which is then used to calculate an Anticipated Household Contribution (EFC). This EFC is a consider figuring out the quantity of assist a pupil will obtain.
Through the Trump administration, the FAFSA type was not eradicated. Nonetheless, important modifications had been made to the FAFSA course of by means of the FAFSA Simplification Act. This laws, handed with bipartisan help, aimed to streamline the applying course of and broaden Pell Grant eligibility. These modifications had been designed to scale back the complexity of the shape and make it simpler for college kids to entry monetary assist.