2024 Fafsa Formula. Congress moved thursday to fix an error in the legislation overhauling the free application for federal student aid, days after the education department. January 2024 — fafsa formula needs reworking.
Here are the key changes to know about the simplified form. Learn everything you need to know about the fafsa and how schools use it to evaluate a students’ financial strength on a consistent set of metrics based on the parents’ and student’s income and assets.