A last-minute FAFSA change of this magnitude could further delay college aid offers, but it would also mean many students would qualify for more help.
That’s a problem because protecting more of a student’s or family’s income allows them to qualify for more financial aid. And failing to adjust this so-called “income protection allowance” for inflation, especially given the past couple years of rampant inflation, will make it look as though students and families have more income at their disposal than they really do. And that will mean they qualify for less student aid.
