The Free Utility for Federal Scholar Support (FAFSA) is a type utilized by U.S. residents and everlasting residents to use for monetary help for school or graduate college. It determines eligibility for federal grants, loans, and work-study applications. 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 think about figuring out the quantity of help a scholar will obtain.
Through the Trump administration, the FAFSA type was not eradicated. Nevertheless, vital modifications had been made to the FAFSA course of by means of the FAFSA Simplification Act. This laws, handed with bipartisan assist, aimed to streamline the applying course of and develop Pell Grant eligibility. These modifications had been designed to cut back the complexity of the shape and make it simpler for college kids to entry monetary help.