FinCap Friday: FAFSA Fiasco | Hosted by @missbehelpful

What is the new release date for the FAFSA for the 2025-2026 academic year?

• October 1st, 2024

• December 1st, 2024

• January 1st, 2025

• November 1st, 2024

What does FAFSA stand for?

• Free Application for Federal Student Aid

• Federal Aid for Student Applications

• Financial Aid for Students and Adults

• Federal Application for Student Assistance

What significant change has been made to the FAFSA form according to the FAFSA Simplification Act?

• More questions added

• A longer form

• A shorter form with fewer questions

• No changes made

What new index replaces the Expected Family Contribution (EFC) in the FAFSA?

• Student Aid Index (SAI)

• Family Contribution Index (FCI)

• Financial Aid Index (FAI)

• Student Contribution Index (SCI)

Which type of financial aid is NOT mentioned as being applied for using the FAFSA?

• Scholarships

• Student loans

• Work-study

• Grants

What impact has the delayed FAFSA rollout had on colleges?

• Increased enrollment

• Extended application deadlines

• Impacted college decision deadlines

• No impact

For how many consecutive years has the FAFSA release been delayed from the traditional date?

• One year

• Two years

• Three years

• Four years

Which group of students has seen expanded eligibility for Pell Grants due to the FAFSA changes?

• High-income students

• Middle-income students

• Low-income students

• International students

What is the traditional release date for the FAFSA?

• September 1st

• October 1st

• November 1st

• December 1st

Which entities provide financial aid that can be applied for using the FAFSA?

• Only federal government

• Only state governments

• Federal government, state governments, and colleges or universities

• Only colleges or universities