Report Examines Impact of FAFSA Simplification
Simplifying the Free Application for Federal Student Aid to include only information already provided to the IRS would increase the number of upper-income families eligible for aid at the state and federal level, according to a report released Wednesday by the College Board and the Lumina Foundation for Education. The study, which looked at FAFSA data from five states, found that the expected family contribution for students at higher income levels -- greater than $75,000 per year -- would decline, but that simplification would have only a modest effect on eligibility for Pell Grants and state need-based aid.
"These modifications would lead to relatively small changes in eligibility for the state grant programs studied in this analysis," wrote the authors of the report, "Can Simple be Equitable?" "Further, these types of changes could result in federal and state grant application and eligibility systems that are simpler and more predictable for filers."