Along with the launch in December of a simplified Free Application for Federal Student Aid (FAFSA) form to request financial help for the 2024-25 year, the Department of Education is also changing its formula to determine who will qualify for aid and how much they’ll receive. The changes fulfill legislation passed in 2020 aiming to make student aid easier to get.
While students overall will gain billions in funds, students with siblings in college likely could lose some financial aid, according to a recent analysis by the research group Brookings Institution.
