Last September President Obama announced a key change in the Free Application for Federal Student Aid or FAFSA, as it’s known. Beginning with the 2017-18 academic year, students will be able to apply for FAFSA as early as October first instead of waiting until January first of the new year.
While this change in federal policy was created with the intention of making it easier for students to apply for FAFSA and giving them more time to understand financial aid, it has real implications for institutions.