U.S. tax reform is finally catching up with the college financial aid process, a...
NEW YORK - U.S. tax reform is finally catching up with the college financial aid process, and the synchronization is off to a rocky start.
Tax law changes figure into the calculation of the Expected Family Contribution, which is the all-important bottom line amount colleges want families to pay toward tuition. The FAFSA system does not alert you if any schedules are skipped, said Charlie Javice, the founder and chief executive of Frank Financial Aid, a free app that helps students file the FAFSA.
But in August, 10 senators sent a public letter to Secretary of Education Betsy DeVos seeking clarification ."We are concerned that mistaken answers to this complicated question could lead to eligible students losing access," they wrote.
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