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Differential Costs and Returns to College Investment, FASFA Overhaul, Goal…

- - - - Time to complete is costly
      - info gathering from parent/guardian
    - - what to provide and why important?
    - - came with a bunch of issues
      - nuanced consideration unaddressed in legislation
  - - - set interest rate
      - temp suspension for hardship
      - cancellation if disability
      - flexible repayment plan - IBR
      - public service cancellation
    - - floating interest rates
      - few borrower protections
      - no cancellation
- - - - homeless/at risk
      - written statement or interview vs qualifying program for homeless youth documentation
      - prior year status can roll over (homeless/foster care)
      - aid even if there is a conviction for controlled substances
      - list of potentially qual circimstances for FA admin to determine
      - public announcement required for student adjustments
      - gender, race, ethnicity now collected
  - - - replaced EFC to SAI
      - increased income protection allowance
      - automatic SAI determined for certain populations
      - AGI increased to $60k / exempts asset requirement
      - includes tuition, fees + food, housing, other non-tuition expenses
    - - no tax return required, automatic max Pell Grant
      - adjustment for part-time students
      - extended to incarderated/prison ED programs