The FAFSA is now available. Complete the FAFSA electronically at fafsa.gov and include Earlham’s school code of 001793.
Below you will find a few questions pulled directly from the Department of Education’s FAFSA simplification FAQs, as well as a few additional updates from our financial aid team.
FAFSA guides and resources
Highlights from the Department of Education’s FAFSA simplification FAQs
What is FAFSA simplification?
- It’s a redesign of the FAFSA, taking it from approximately 140 questions to around 36 questions. This will make it easier for families and students to complete the FAFSA.
What are the benefits of FAFSA simplification?
- Reduced barriers for certain student populations (e.g., homeless and unaccompanied youth, incarcerated students, English language learners and students from low-income backgrounds).
What major changes will FAFSA simplification introduce?
- Rather than importing their tax information using the IRS Data Retrieval Tool, applicants will consent to providing their Federal Tax Information (FTI) via a direct data share with the IRS. This enhanced data sharing simplifies the applicant’s experience.
- Eligibility for federal student aid will be expanded in the following ways:
- New methodology will be introduced to calculate and determine applicant eligibility. The Expected Family Contribution (EFC) will be replaced with the Student Aid Index (SAI).
- Federal Pell Grant access will be expanded and linked to family size and federal poverty levels, which will allow more students and families from low-income backgrounds to qualify.
FAFSA updates from Earlham’s financial aid team
These updates from Earlham’s financial aid team may not be found on the Department of Education’s FAQs page:
- Your parent who needs to complete the FAFSA will need to be invited by you, the student, to complete the FAFSA.
- The FAFSA will only take into account the number of people in your family (not the number in college).
- Family farms or small businesses will have to be reported on the FAFSA.
- The FAFSA will require you to report the parent who provided the most financial support. A wizard in the application will help you determine which parent that will be.
- If parents are married but filing separately, each parent will have to be invited to complete the FAFSA.