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Student Aid Simplification: Faster Support for Youth

This act makes technical corrections to existing laws simplifying student financial aid applications (FAFSA). It allows for quicker implementation of changes, especially for foster and homeless youth, potentially accelerating their access to college financial support. It also enables more flexible administrative procedures in this process.
Key points
Faster Financial Aid: Foster and unaccompanied homeless youth may receive college financial support sooner than planned.
Streamlined Procedures: Officials can waive certain formalities to implement student aid system changes more quickly.
Cost Correction: The method for calculating loan-related costs has been adjusted, which may affect the amount of aid granted.
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Additional Information
FAFSA Simplification Technical Corrections Act
Print number: S 1440
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2021-04-28