By South West Illinois News Reports |
Apr 11, 2024
The 2023-2024 FAFSA application is due June 30, 2024. FAFSA, or the Free Application for Federal Student Aid, is a form utilized by universities across the country to determine whether a student is eligible for financial aid and loans. This year’s FAFSA has seen several changes in an effort to simplify the process for applicants. One of those changes is known as the ‘Grandparent Loophole’, which now makes college payments made by grandparents exempt from the form.Previously, the FAFSA application counted grandparent contributions as untaxed student income under a 529...