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Sen. Booker Introduces Simplifying Financial Aid for Students Act of 2014

14 May 2014 14 views No Comment

NASFAA has expressed support for the Simplifying Financial Aid for Students Act of 2014, introduced yesterday by Sen. Cory Booker (D-NJ). The bill would require the Department of Education to use prior-prior year income (PPY) in the Federal need analysis. NASFAA has advocated for this change to the basis of the expected family contribution (EFC) calculation as part of its reauthorization recommendations. The bill would also increase the threshold for automatic zero EFCs to $30,000.

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