5.9k Share this

It is Fafsa time again, when parents and students fill out the required financial disclosure for college financial aid. For some parents, the economic environment—as well as various changes in the rules—makes it especially important that they understand the process this year.

The 2022-23 Free Application for Federal Student Aid, or Fafsa, opened to families on Oct. 1. It uses financial information from applicants’ 2020 tax returns, but some families’ financial circumstances may have deteriorated since then due to the pandemic and lockdowns, various weather-related disasters or other factors. If that’s the case, families should contact the financial-aid office of schools they’re applying to or attending and ask that their changed financial circumstances be taken into account.

Source: WSJ

5.9k Share this
You May Also Like

Spirit Airlines Board Urges Shareholders to Reject JetBlue Offer

The board of Spirit Airlines rejected a hostile takeover bid from JetBlue…

Elon Musk Eyes Satellite Deal in Brazilian Amazon

SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday…

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar…

SpaceX Reportedly Paid $250,000 To Settle Sexual Harassment Accusation Against Elon Musk

Topline SpaceX paid $250,000 in 2018 to resolve allegations that CEO Elon…

Why Baby Boomer & Gen X Retirement May Leave Millennials Coming Up Short

A wave of retirements have accelerated a major pilot shortage — but…

More Borrowers Missing Payments; Now You Can Pay With Your Smile

More Subprime Borrowers Are Missing Loan Payments Consumers with low credit scores…

Indiana Pacers Finish Sixth In NBA Draft Lottery, Will Take Aggressive Approach To Draft

NEW YORK, NY – JUNE 23: Caris Levert shakes hands with Commissioner…

Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn

Carvana ILLUSTRATION BY STEPHANIE JONES FOR FORBES; PHOTO BY MARK RALSTON/AFP via…